Miami Central Business District Office Space

Miami Central Business District

Office Space Market Report

Number of Listings (last 90 days)
533
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
1,290
As of: August 17, 2017

Miami Central Business District Rates

On average, listings lease in the $40's per square foot per year. The Miami Central Business District region is seeing a decrease 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 Central Business District submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

Miami Central Business District Listing Supply

In the last 90 days, 23 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 222% of the listings in the Miami Central Business District 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,290 sqft. Most properties in this region are close to 28 floors. Most buildings in this region were built in 1973 and are Class B.

Miami Central Business District Community

A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Miami Central Business District folk. Commuting more than an hour and a half 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 Miami Central Business District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Miami Central Business District.
Research