Miami Central Business District Office Space

Miami Central Business District

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
1,060
As of: July 19, 2017

Miami Central Business District Rates

The typical asking rate per listing is in the $40's per square foot per year. The Miami Central Business District submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the Gold Coast market, the Miami Central Business District region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Miami Central Business District Listing Supply

In the last 90 days, 23 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 265% of the available leases in the Miami Central Business District are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,520 sqft. Most buildings in this area are close to 14 floors. Most buildings in this region were built in 1973 and are Class B.

Miami Central Business District Community

A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Miami Central Business District residents. 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