South Miami Office Space

South Miami

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
1,760
As of: June 28, 2017

South Miami Rates

On average, listings lease in the $60's per square foot per year. The South Miami region is seeing a a rise in rates. In the last 3 months, the median rate rose $63 per sqft per year.

Compared to the rest of the Gold Coast market, the South Miami submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

South Miami Listing Supply

In the last 90 days, 3 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 767% of the available leases in the South Miami are subleases, so you might be able to snag a great spot on a short term. 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 1,760 sqft. Most properties in this area are close to 3 stories. Most buildings in this region were built in 1980 and are Class B.

South Miami Community

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 area. 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.

Market Report

Trends and status of the commercial real estate market in South Miami.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Miami.
Research

South Miami Submarkets