The typical asking rate per listing is in the $60's per square foot per year. The Wynwood-Edgewater submarket is going through a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Gold Coast market, the Wynwood-Edgewater submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means listings are probably 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 400 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Wynwood-Edgewater occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.