The typical asking rate per listing is in the $80's per square foot per year. The South Beach region is going through a decline in rates. In the last 3 months, the median rate fell $22 per sqft per year. That's a 21% decrease in rent.
Compared to the rest of the Bay Area market, the South Beach region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 11 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 36% of the available space in the South Beach 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,740 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this region were built in 1920 and are Class C.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Most of the residents of South Beach work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.