On average, listings lease in the $50's per square foot per year. The Miami Central Business District submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $14 per sqft per year. That's a 37% rise in rent.
Compared to the rest of the Gold Coast market, the Miami Central Business District submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 89 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Miami Central Business District are subleases, so you will probably have to consider a longer term 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 2,770 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 30 stories. Most buildings in this region were built in 1973 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. 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.