On average, listings lease in the $60's per square foot per year. The Wynwood-Edgewater region is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Gold Coast market, the Wynwood-Edgewater submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have come on the market, which means office spaces 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 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 2,050 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Wynwood-Edgewater occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.