Miami Market Status

Median Rate
$46
/sqft/yr
Since 90 days ago
$3
/sqft/yr
Median Size
1,700
sqft

Concentration of Listing Postings in Miami

Miami Rates

On average, listings lease in the $40's per square foot per year. The Miami submarket is going through a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 9% rise in rent.

Compared to the rest of the Gold Coast market, the Miami region has greater rates, and you'll have to negotiate above asking rent 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 174% of the listings in the Miami 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,700 sqft. Most buildings in this region are close to 4 stories. Most buildings in this market were built in 1973 and are Class B.

Miami Community

Subleases

72%
Subleases

Under 5000 sqft

0%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Downtown Miami $35 425,390 sqft
2. Wynwood-Edgewater $32 303,180 sqft
3. Allapattah $35 186,090 sqft
4. Upper Eastside $35 157,300 sqft
5. Little Haiti $ 81,060 sqft
6. West Flagler $39 46,000 sqft
7. Flagami $24 32,240 sqft
8. Little Havana $ 31,260 sqft
9. Coral Way $ 23,320 sqft
10. Model City $ 10,780 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket