On average, listings lease in the $120's per square foot per year. The South Beach submarket is going through a an increase in rates. In the last 3 months, the median rate went up $25 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Bay Area market, the South Beach submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 15 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 27% of the available space in the South Beach are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,300 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1920 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Most of the residents of South Beach work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.