Most listings are in the $30's per square foot per year. The Allapattah region is experiencing a a boost in rates. In the last 3 months, the median rate increased $17 per sqft per year. That's a 108% rise in rent.
Compared to the rest of the Gold Coast market, the Allapattah submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been made available, which means office spaces 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,570 sqft. Most properties in this market are approximately 5 floors. 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 occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.