On average, listings lease in the $40's per square foot per year. The Downtown Miami region is experiencing a an increase in rates. In the last 3 months, the median rate increased $45 per sqft per year.
Compared to the rest of the Gold Coast market, the Downtown Miami submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 49 listings have come on the market, so you'll want to check back regularly for new listings. About 343% of the listings in the Downtown 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,470 sqft. Most buildings in this region are around 20 stories. Most buildings in this market were built in 1978 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Miami occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.