The typical asking rate per listing is in the $30's per square foot per year. The Miami International Commerce Center submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Gold Coast market, the Miami International Commerce Center submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the Miami International Commerce Center 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 1,700 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1987 and are Class A.
Public administration is the dominant industry in this market. Most of the occupants of Miami International Commerce Center work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.