On average, listings lease in the $40's per square foot per year. The Wynwood-Edgewater region is going through a decrease in rates. In the last 3 months, the median rate decreased $33 per sqft per year. That's a 44% decrease in rent.
Compared to the rest of the Gold Coast market, the Wynwood-Edgewater submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 260% of the office spaces in the Wynwood-Edgewater are subleases, so you might be able to find a shorter term or below market rent. 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 1,080 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Wynwood-Edgewater folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.