South Miami Retail

South Miami

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
2,030
As of: May 20, 2017

South Miami Rates

The typical asking rate per listing is in the $60's per square foot per year. The South Miami region is going through a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 14% rise in rent.

Compared to the rest of the Gold Coast market, the South Miami region has greater rates, and you'll need to make a great offer to be in this hot submarket.

South Miami Listing Supply

In the last 90 days, 3 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 67% of the listings in the South Miami 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,030 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this region were built in 1980 and are Class B.

South Miami Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst South Miami 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 South Miami.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Miami.
Research

South Miami Submarkets