Miami Central Business District Retail

Miami Central Business District

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

Miami Central Business District Rates

On average, listings lease in the $50's per square foot per year. The Miami Central Business District submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $20 per sqft per year. That's a 60% increase in rent.

Compared to the rest of the Gold Coast market, the Miami Central Business District region has greater rates, and you'll need to pay a premium to be in this hot region.

Miami Central Business District Listing Supply

In the last 90 days, 28 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Miami Central Business District are subleases, so you will probably have to consider a longer term 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 4,450 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 28 floors. Most buildings in this region were built in 1973 and are Class B.

Miami Central Business District Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Miami Central Business District 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.

Market Report

Trends and status of the commercial real estate market in Miami Central Business District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Miami Central Business District.