Kendall Office Space

Kendall

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
3,650
As of: July 23, 2017

Kendall Rates

Most listings are 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 $20 per sqft per year. That's a 37% decline in rent.

Compared to the rest of the Gold Coast market, the Kendall submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Kendall Listing Supply

In the last 90 days, 33 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 21% 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 3,650 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 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 area. Commute by walking is the most popular way to get to work amongst Kendall residents. 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