Most listings are in the $30's per square foot per year. The Kendall submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Gold Coast market, the Kendall region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 33 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,560 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Kendall occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.