On average, listings lease in the $30's per square foot per year. The Little Haiti region is experiencing a a boost in rates. In the last 3 months, the median rate increased $30 per sqft per year.
Compared to the rest of the Gold Coast market, the Little Haiti submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 8 listings have been listed, which means new listings most likley are 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 1,850 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1961 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Little Haiti folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.