Most listings are in the $40's per square foot per year. The Miami Financial District region is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Gold Coast market, the Miami Financial District submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 33 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Miami Financial District are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,940 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 27 floors. Most buildings in this region were built in 1982 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Most of the occupants of Miami Financial District work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.