On average, listings lease in the $40's per square foot per year. The Miami Central Business District submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Gold Coast market, the Miami Central Business District region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 533 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the available space in the Miami Central Business District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,640 sqft. Most buildings in this market are close to 15 stories. Most buildings in this region were built in 1973 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Miami Central Business District folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Miami Central Business District.
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