South Beach Office Space

South Beach

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
1,050
As of: December 5, 2016

South Beach Rates

On average, listings lease in the $30's per square foot per year. The South Beach region is experiencing a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 25% decline in rent.

Compared to the rest of the Gold Coast 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, 1 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,050 sqft. Most buildings in this region were built in 1981 and are Class B.

South Beach Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst South Beach occupants. Commuting around 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