On average, listings lease in the $40's per square foot per year. The Miami Financial District region is experiencing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Gold Coast market, the Miami Financial District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 44 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the available leases in the Miami Financial District are subleases, so you might be able to snag a great spot on a short term. 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 3,030 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 27 floors. Most buildings in this area were built in 1982 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Most of the occupants of Miami Financial District work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.