On average, listings lease in the $10's per square foot per year. The Allapattah region is going through a a boost in rates. In the last 3 months, the median rate went up $20 per sqft per year.
Compared to the rest of the Gold Coast market, the Allapattah submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 7 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 129% of the available leases in the Allapattah 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 11,780 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 5 stories. Most buildings in this market were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Allapattah residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.