Allapattah Retail

Allapattah

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
1,570
As of: February 19, 2017

Allapattah Rates

The typical asking rate per listing is in the $30's per square foot per year. The Allapattah submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $17 per sqft per year. That's a 108% increase in rent.

Compared to the rest of the Gold Coast market, the Allapattah submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Allapattah Listing Supply

In the last 90 days, 8 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,570 sqft. Most buildings in this region are close to 5 floors. Most buildings in this area were built in 1985 and are Class A.

Allapattah Community

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 area. Commute by walking is the most popular way to get to work amongst Allapattah occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Allapattah.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Allapattah.
Research