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.
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.
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.