Most listings are in the $20's per square foot per year. The Allapattah submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Gold Coast market, the Allapattah region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 7 listings have been made available, which means spaces most likley are 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 11,780 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 5 stories. Most buildings in this market were built in 1985 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 around 30 minutes a day is the norm for those who opt to reside in this part of town.