Miami Beach Retail

Miami Beach

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$158
Median Size (sqft)
2,580
As of: May 25, 2017

Miami Beach Rates

On average, listings lease in the $150's per square foot per year. The Miami Beach submarket is going through a an increase in rates. In the last 3 months, the median rate went up $114 per sqft per year. That's a 253% rise in rent.

Compared to the rest of the Gold Coast market, the Miami Beach region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Miami Beach Listing Supply

In the last 90 days, 5 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 80% of the available leases in the Miami Beach 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.

Even though the median size is 2,580 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this region were built in 1959 and are Class A.

Miami Beach Community

Market Report

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

Market Data

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

Miami Beach Submarkets