The typical asking rate per listing is in the $50's per square foot per year. The Wynwood-Edgewater submarket is going through a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the Gold Coast market, the Wynwood-Edgewater submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the office spaces in the Wynwood-Edgewater are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,810 sqft. Most properties in this region are around 2 stories. Most buildings in this area 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 region. Commute by car is the most popular way to get to work amongst Wynwood-Edgewater folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.