Most listings are in the $40's per square foot per year. The Miami Financial District region is seeing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Gold Coast market, the Miami Financial District region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 34 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Miami Financial District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,070 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 27 floors. Most buildings in this region were built in 1982 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 residents of Miami Financial District work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.