Most listings are in the $30's per square foot per year. The Flagler Heights submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $31 per sqft per year.
Compared to the rest of the Gold Coast market, the Flagler Heights submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 11 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 82% of the listings in the Flagler Heights 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.
Even though the median size is 4,120 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this area were built in 1971 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Most of the residents of Flagler Heights work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.