On average, listings lease in the $30's per square foot per year. The Kendall region is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Gold Coast market, the Kendall region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 33 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,560 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1985 and are Class B.