South Beach Office Space

South Beach

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$125
Median Size (sqft)
3,300
As of: February 21, 2017

South Beach Rates

On average, listings lease in the $120's per square foot per year. The South Beach region is going through a a rise 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 region has higher rates, and you'll need to make a great offer to be in this hot submarket.

South Beach Listing Supply

In the last 90 days, 15 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the available space 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1920 and are Class B.

South Beach Community

A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. 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