Downtown Miami Sublease

Downtown Miami

Office Space Market Report

Number of Listings (last 90 days)
49
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
2,580
As of: May 23, 2017

Downtown Miami Rates

On average, listings lease in the $40's per square foot per year. The Downtown Miami submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the Gold Coast market, the Downtown Miami submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Miami Listing Supply

In the last 90 days, 49 listings have been listed, so you'll want to check back regularly for new listings. About 16% of the available leases in the Downtown Miami 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,580 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 20 floors. Most buildings in this market were built in 1978 and are Class A.

Downtown Miami Community

A large portion of this area 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 approximately 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