Miami Market Status

Median Rate
$51
/sqft/yr
Since 90 days ago
$-1
/sqft/yr
Median Size
2,800
sqft

Concentration of Listing Postings in Miami

Miami Rates

Most listings are in the $50's per square foot per year. The Miami submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Gold Coast market, the Miami region has higher rates, and you'll need to pay a premium to be in this hot submarket.

Miami Listing Supply

In the last 90 days, 90 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the listings in the Miami are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,800 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 5 stories. Most buildings in this area were built in 1974 and are Class B.

Miami Community

Subleases

9%
Subleases

Under 5000 sqft

99%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Downtown Miami $40 270,700 sqft
2. Flagami $25 110,160 sqft
3. Northeast Coconut Grove $36 57,000 sqft
4. Overtown $ 50,770 sqft
5. Wynwood-Edgewater $47 48,970 sqft
6. Allapattah $25 21,720 sqft
7. Little Haiti $23 16,300 sqft
8. Little Havana $ 4,040 sqft
9. Coral Way $ 1,160 sqft
10. West Flagler $ 0 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket