Downtown Miami Sublease

Downtown Miami

Office Space Market Report

Number of Listings (last 90 days)
142
Median Rate ($/sqft/yr)
$53
Median Size (sqft)
2,940
As of: December 5, 2016

Downtown Miami Rates

The typical asking rate per listing is in the $50's per square foot per year. The Downtown Miami submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 19% increase in rent.

Compared to the rest of the Gold Coast market, the Downtown Miami region has higher rates, and you'll need to pay a premium to be in this hot region.

Downtown Miami Listing Supply

In the last 90 days, 142 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the listings in the Downtown Miami 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,940 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 24 stories. Most buildings in this area were built in 1975 and are Class A.

Downtown Miami Community

A large portion of this region is residential, but there's plenty of office_space. Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Miami occupants. Commuting around an hour 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 Downtown Miami.
Market Report

Market Data

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