Kendall Office Space

Kendall

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
3,240
As of: August 16, 2017

Kendall Rates

On average, listings lease in the $30's per square foot per year. The Kendall submarket is going through a decrease in rates. In the last 3 months, the median rate fell $21 per sqft per year. That's a 39% 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 region.

Kendall Listing Supply

In the last 90 days, 33 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 24% of the office spaces in the Kendall 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,240 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this region were built in 1985 and are Class B.

Kendall Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Kendall occupants. 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 Kendall.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Kendall.
Research