South Beach Office Space

South Beach

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$88
Median Size (sqft)
3,700
As of: May 21, 2017

South Beach Rates

The typical asking rate per listing is in the $80's per square foot per year. The South Beach region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decline in rent.

Compared to the rest of the Bay Area market, the South Beach submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

South Beach Listing Supply

In the last 90 days, 15 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 27% of the available leases 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this area were built in 1922 and are Class B.

South Beach Community

A large portion of this area 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.

Market Report

Trends and status of the commercial real estate market in South Beach.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Beach.
Research