On average, listings lease in the $30's per square foot per year. The Central North Miami submarket is going through a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Gold Coast market, the Central North 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, 13 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 500 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 1969 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Central North Miami folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.