Most listings are in the $40's per square foot per year. The Allapattah region is going through a an increase in rates. In the last 3 months, the median rate went up $26 per sqft per year. That's a 133% rise in rent.
Compared to the rest of the Gold Coast market, the Allapattah submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 114% of the available space in the Allapattah are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,090 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this area were built in 1977 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Allapattah occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.