Miami Market Status

Median Rate
$45
/sqft/yr
Since 90 days ago
$34
/sqft/yr
Median Size
2,360
sqft

Concentration of Listing Postings in Miami

Miami Rates

On average, listings lease in the $40's per square foot per year. The Miami region is seeing a an increase in rates. In the last 3 months, the median rate increased $42 per sqft per year.

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

Miami Listing Supply

In the last 90 days, 90 listings have been made available, so you'll want to check back regularly for new listings. About 257% of the available leases in the Miami are subleases, so you might be able to snag a great spot on a short term. 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 2,360 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this market were built in 1974 and are Class B.

Miami Community

Subleases

95%
Subleases

Under 5000 sqft

0%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Downtown Miami $34 665,720 sqft
2. Northeast Coconut Grove $39 108,470 sqft
3. Wynwood-Edgewater $57 98,460 sqft
4. Flagami $25 50,150 sqft
5. Allapattah $15 47,510 sqft
6. Little Haiti $ 30,400 sqft
7. Upper Eastside $35 19,030 sqft
8. Coral Way $ 16,940 sqft
9. Little Havana $ 8,780 sqft
10. West Flagler $39 2,600 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket