On average, listings lease in the $40's per square foot per year. The Miami Financial District region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Gold Coast market, the Miami Financial District region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 635 listings have come on the market, so you'll want to check back regularly for new listings. About 13% of the available space in the Miami Financial District are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this region are approximately 28 stories. Most buildings in this area were built in 1985 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Most of the folk of Miami Financial District work from home. Commuting approximately 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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