On average, listings lease in the $50's per square foot per year. The Downtown Miami submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Gold Coast market, the Downtown Miami submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 138 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the listings in the Downtown Miami are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,810 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 24 floors. Most buildings in this market were built in 1975 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Information is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Downtown Miami occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.