On average, listings lease in the $40's per square foot per year. The Miami Financial District submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Gold Coast market, the Miami Financial District submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 635 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available leases in the Miami Financial District 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,270 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 28 floors. Most buildings in this market were built in 1984 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Most of the residents of Miami Financial District work from home. Commuting around 20 minutes 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 Financial District.
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