Miami Beach Office Space

Miami Beach

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$61
Median Size (sqft)
1,990
As of: December 2, 2016

Miami Beach Rates

Most listings are in the $60's per square foot per year. The Miami Beach region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the Gold Coast market, the Miami Beach region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Miami Beach Listing Supply

In the last 90 days, 16 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Miami Beach 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,990 sqft. Most properties in this area are around 5 floors. Most buildings in this region were built in 1959 and are Class A.

Miami Beach Community

Market Report

Trends and status of the commercial real estate market in Miami Beach.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Miami Beach.
Research