On average, listings lease in the $40's per square foot per year. The Miami Financial District region is going through a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Gold Coast market, the Miami Financial District region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 61 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the available leases in the Miami Financial District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,140 sqft. Most buildings in this area are close to 27 stories. Most buildings in this area 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 area. Most of the residents 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.