Most listings are in the $30's per square foot per year. The Allapattah submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 39% rise in rent.
Compared to the rest of the Gold Coast market, the Allapattah region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,500 sqft. Most buildings in this region are around 5 floors. Most buildings in this region were built in 1985 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 area. Commute by walking is the most popular way to get to work amongst Allapattah residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.