The typical asking rate per listing is in the $40's per square foot per year. The Miami Financial District submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Gold Coast market, the Miami Financial District region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 23 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 235% of the listings in the Miami Financial District are subleases, so you might be able to find a shorter term or below market rent. 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 3,530 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 28 floors. Most buildings in this region were built in 1984 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.