Most listings are in the $70's per square foot per year. The South Beach submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Bay Area market, the South Beach region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 15 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 93% of the office spaces 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 listings below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this area were built in 1922 and are Class C.
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 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.