Most listings are in the $40's per square foot per year. The Wynwood-Edgewater submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Gold Coast market, the Wynwood-Edgewater region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 240% of the available leases in the Wynwood-Edgewater 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,060 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1968 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 occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.