The typical asking rate per listing is in the $30's per square foot per year. The Kendall submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Gold Coast market, the Kendall submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 12 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,250 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1985 and are Class A.