South Beach Sublease

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South Beach

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

South Beach Rates

On average, listings lease in the $40's per square foot per year. The South Beach region is experiencing a an increase in rates. In the last 3 months, the median rate rose $44 per sqft per year. That's a Inf% rise in rent.

Compared to the rest of the Gold Coast market, the South Beach region has higher rates, and you'll need to make a great offer to be in this hot submarket.

South Beach Listing Supply

In the last 90 days, 2 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,430 sqft. Most buildings in this area were built in 1981 and are Class B.

South Beach Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst South Beach residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.