The typical asking rate per listing is in the $80's per square foot per year. The South Beach submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Bay Area market, the South Beach region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 15 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 27% of the available leases in the South Beach 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.
Even though the median size is 3,700 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built in 1922 and are Class B.
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 occupants 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.