On average, listings lease in the $30's per square foot per year. The South Miami submarket is going through a decrease in rates. In the last 3 months, the median rate fell $29 per sqft per year. That's a 46% decline in rent.
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 region.
In the last 90 days, 2 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,650 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1984 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 area. Commute by car is the most popular way to get to work amongst South Miami occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.