Most listings are in the $40's per square foot per year. The Wynwood-Edgewater region is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Gold Coast market, the Wynwood-Edgewater submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 23 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 4% of the available space in the Wynwood-Edgewater are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,420 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market 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 area. Commute by car is the most popular way to get to work amongst Wynwood-Edgewater residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.