Most listings are in the $80's per square foot per year. The South Beach region is seeing a decline in rates. In the last 3 months, the median rate fell $36 per sqft per year. That's a 28% decline 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 submarket.
In the last 90 days, 15 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 27% of the listings in the South Beach are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,460 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1920 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Most of the occupants 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.