Most listings are in the $40's per square foot per year. The Downtown Miami submarket 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% decline in rent.
Compared to the rest of the Gold Coast market, the Downtown Miami region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 49 listings have been listed, so you'll want to check back regularly for new listings. About 16% of the available leases in the Downtown Miami 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.
Even though the median size is 2,580 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 20 stories. Most buildings in this area were built in 1978 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Miami residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.