On average, listings lease in the $60's per square foot per year. The South Miami submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Gold Coast market, the South Miami region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 67% of the office spaces in the South Miami 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.
The standard measurement for office space in this area is around 2,030 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1980 and are Class B.