On average, listings lease in the $30's per square foot per year. The Kendall region is experiencing a decline in rates. In the last 3 months, the median rate decreased $21 per sqft per year. That's a 39% decrease in rent.
Compared to the rest of the Gold Coast market, the Kendall region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 33 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 24% of the available space in the Kendall 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,240 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this area were built in 1985 and are Class B.