The typical asking rate per listing is in the $40's per square foot per year. The Miami Beach submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the Gold Coast market, the Miami Beach region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Miami Beach 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,200 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 5 floors. Most buildings in this market were built in 1959 and are Class A.