Most listings are in the $40's per square foot per year. The Downtown Miami region is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Gold Coast market, the Downtown Miami region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 49 listings have come on the market, so you'll want to check back regularly for new listings. About 210% of the available space in the Downtown Miami are subleases, so you might be able to snag a great spot on a short term. 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 1,740 sqft. Most buildings in this area are approximately 20 floors. Most buildings in this region were built in 1975 and are Class A.
A large portion of this market 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 residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.