On average, listings lease in the $40's per square foot per year. The Miami Central Business District submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $42 per sqft per year.
Compared to the rest of the Gold Coast market, the Miami Central Business District submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 23 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 413% of the available space in the Miami Central Business District 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,580 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 28 stories. Most buildings in this market were built in 1973 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Miami Central Business District residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.