On average, listings lease in the $60's per square foot per year. The South Miami region is seeing a a rise in rates. In the last 3 months, the median rate rose $63 per sqft per year.
Compared to the rest of the Gold Coast market, the South Miami region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. 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 1,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this region were built in 1980 and are Class B.
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 region. Commute by car is the most popular way to get to work amongst South Miami 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.