Miami Beach Retail

Miami Beach

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$61
Median Size (sqft)
1,990
As of: December 6, 2016

Miami Beach Rates

The typical asking rate per listing is in the $60's per square foot per year. The Miami Beach region is experiencing a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 18% increase in rent.

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

Miami Beach Listing Supply

In the last 90 days, 17 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Miami Beach are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,990 sqft. Most buildings in this market are around 5 floors. Most buildings in this area 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