Downtown Miami Office Space

Downtown Miami

Office Space Market Report

Number of Listings (last 90 days)
146
Median Rate ($/sqft/yr)
$53
Median Size (sqft)
2,940
As of: December 7, 2016

Downtown Miami Rates

On average, listings lease in the $50's per square foot per year. The Downtown Miami submarket is going through a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 19% rise in rent.

Compared to the rest of the Gold Coast market, the Downtown Miami submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Miami Listing Supply

In the last 90 days, 142 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Downtown Miami 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,940 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 24 floors. Most buildings in this region were built in 1975 and are Class A.

Downtown Miami Community

A large portion of this market is residential, but there's plenty of office_space. Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Miami residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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