Miami Central Business District Retail

Miami Central Business District

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
1,060
As of: July 25, 2017

Miami Central Business District Rates

The typical asking rate per listing is in the $40's per square foot per year. The Miami Central Business District region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease 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, 23 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 230% of the office spaces in the Miami Central Business District 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 1,060 sqft. Most buildings in this region are approximately 14 stories. Most buildings in this region were built in 1973 and are Class B.

Miami Central Business District Community

A large portion of this region 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 folk. 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.
Research