On average, listings lease in the $50's per square foot per year. The Miami Beach region is experiencing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Gold Coast market, the Miami Beach region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 40% of the available leases in the Miami Beach 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,690 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 5 stories. Most buildings in this area were built in 1957 and are Class A.