On average, listings lease in the $30's per square foot per year. The Palmetto Bay region is going through a a boost in rates. In the last 3 months, the median rate increased $34 per sqft per year.
Compared to the rest of the Gold Coast market, the Palmetto Bay submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means listings might be 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 1,930 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Palmetto Bay folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.