On average, listings lease in the $40's per square foot per year. The Downtown Miami submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Gold Coast market, the Downtown Miami submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 91 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the listings in the Downtown Miami are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,540 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 20 stories. Most buildings in this market were built in 1974 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 market. Commute by bike is the most popular way to get to work amongst Downtown Miami folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.