Compared to the rest of the Gold Coast market, the South Miami submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the available leases in the South Miami 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst South Miami 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.