The typical asking rate per listing is in the $50's per square foot per year. The Wynwood Arts District submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 12% increase in rent.
Compared to the rest of the Gold Coast market, the Wynwood Arts District submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means spaces might be going fast. 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.
Even though the median size is 4,300 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 2015 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Wynwood Arts District residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.