Most listings are in the $80's per square foot per year. The South Beach region is seeing a decline in rates. In the last 3 months, the median rate fell $36 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the Bay Area market, the South Beach submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 15 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 27% of the office spaces in the South Beach are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,460 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1920 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Most of the occupants of South Beach work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.