Most listings are in the $40's per square foot per year. The Miami Financial District submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Gold Coast market, the Miami Financial District region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 23 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 300% of the available space in the Miami Financial District are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most buildings in this market are around 27 floors. Most buildings in this market were built in 1984 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Most of the residents of Miami Financial District work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.