Most listings are in the $30's per square foot per year. The Flagler Heights submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 28% increase in rent.
Compared to the rest of the Gold Coast market, the Flagler Heights submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 11 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 73% of the office spaces in the Flagler Heights 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,280 sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 1965 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Most of the folk of Flagler Heights work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.