On average, listings lease in the $70's per square foot per year. The Miami Fashion District submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $75 per sqft per year.
Compared to the rest of the Gold Coast market, the Miami Fashion District submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 800% of the available leases in the Miami Fashion 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 1,790 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1972 and are Class B.
This area is fairly equally mixed residential and commercial. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Miami Fashion District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.