Most listings are in the $40's per square foot per year. The Miami Financial District submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $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 submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 635 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the available space in the Miami Financial 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 2,500 sqft. Most buildings in this area are close to 28 stories. Most buildings in this region were built in 1984 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Most of the occupants 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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