Miami Financial District Retail

Miami Financial District

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Miami Financial District Rates

The typical asking rate per listing is in the $40's per square foot per year. The Miami Financial District submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 26% decline in rent.

Compared to the rest of the Gold Coast market, the Miami Financial District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Miami Financial District Listing Supply

In the last 90 days, 62 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the available space in the Miami Financial District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,140 sqft. Most buildings in this area are close to 27 stories. Most buildings in this market were built in 1985 and are Class A.

Miami Financial District Community

A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Most of the folk of Miami Financial District work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.