Most listings are in the $10's per square foot per year. The Allapattah region is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Gold Coast market, the Allapattah submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 7 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 86% of the listings in the Allapattah 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 available, so finding a space for a small business might be tough.
Even though the median size is 11,780 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 5 floors. Most buildings in this market were built in 1979 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Allapattah folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.