City Center Retail

City Center

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$61
Median Size (sqft)
2,230
As of: June 26, 2017

City Center Rates

The typical asking rate per listing is in the $60's per square foot per year. The City Center submarket is going through a a boost in rates. In the last 3 months, the median rate increased $61 per sqft per year.

Compared to the rest of the Gold Coast market, the City Center region has higher rates, and you'll need to make a great offer to be in this hot region.

City Center Listing Supply

In the last 90 days, 4 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 275% of the office spaces in the City Center 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.

The standard measurement for office space in this area is around 2,230 sqft. Most buildings in this area are close to 5 stories. Most buildings in this area were built in 1959 and are Class A.

City Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst City Center occupants. Commuting between 30 and 45 minutes 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 City Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research

Miami Beach Submarkets