Most listings are in the $40's per square foot per year. The Miami Financial District submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Gold Coast market, the Miami Financial District region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 15% of the listings in the Miami Financial District 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.
Even though the median size is 3,070 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 27 stories. Most buildings in this region were built in 1982 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Most of the occupants of Miami Financial District work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.