Most listings are in the $30's per square foot per year. The Botanica submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the Gold Coast market, the Botanica region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available leases in the Botanica 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 posted, so finding a space for a small business might be tough.
Even though the median size is 83,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area were built in 1990 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the residents of Botanica work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.