City Center Commercial Real Estate

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Douglas Elliman Commercial
I represent tenants and can
help you go see this space.
1688 Meridian Ave - 7 Spaces Miami Beach, FL can be combine with adjacent space
Sep 23
1,160 - 3,300
sqft
Office
1654 Meridian Ave - 5 Spaces City Center, Miami Beach, FL  
Sep 22
260 - 400
sqft
Retail Office
1100 Lincoln Rd - 3 Spaces Miami Beach, FL 19'6" ceiling height
Sep 18
1,530 - 10,730
sqft
Office
1601 Washington Ave - 2 Spaces Miami Beach, FL rate is negotiable
Aug 23
1,480 - 2,540
sqft
Office
300 21st St - Space City Center, Miami Beach, FL second generation space
Aug 02
4,220
sqft
Hotel Restaurant
815 Lincoln Rd - 3 Spaces City Center, Miami Beach, FL 15.8 foot ceiling height
May 22
1,400 - 1,450
sqft
Retail Restaurant
350 Lincoln Rd - Space Miami Beach, FL  
Apr 09
50
sqft
Office

City Center

Market Report

Number of Listings
Posted in the last 90 days
18
Median Rate ($/sqft/yr)
$61
Median Size (sqft)
1,780

City Center Rates

On average, listings lease in the $60's per square foot per year. The City Center submarket is going through a a rise in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 15% increase in rent.

Compared to the rest of the Gold Coast market, the City Center submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

City Center Listing Supply

In the last 90 days, 167 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the listings in the City Center 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,780 sqft. Most buildings in this area are around 5 floors. Most buildings in this market were built in 1959 and are Class A.

City Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst City Center occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research