On average, listings lease in the $50's per square foot per year. The West Flagler submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $51 per sqft per year.
Compared to the rest of the Gold Coast market, the West Flagler region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 0 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the available space in the West Flagler are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,600 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 7 stories. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst West Flagler residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.