The typical asking rate per listing is in the $120's per square foot per year. The South Beach region is experiencing a a boost in rates. In the last 3 months, the median rate rose $25 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Bay Area market, the South Beach submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 15 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the South Beach are subleases, so you might be able to find a shorter term or below market rent. 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 2,460 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1920 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Most of the residents 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.