The typical asking rate per listing is in the $40's per square foot per year. The Miami Financial District submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Gold Coast market, the Miami Financial District region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 23 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 17% of the office spaces in the Miami Financial 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,380 sqft. Most buildings in this area are around 27 floors. Most buildings in this region were built in 1984 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Most of the occupants of Miami Financial District work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.