South Miami Sublease

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South Miami

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

South Miami Rates

On average, listings lease in the $30's per square foot per year. The South Miami submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $29 per sqft per year. That's a 46% decrease in rent.

Compared to the rest of the Gold Coast market, the South Miami submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

South Miami Listing Supply

In the last 90 days, 2 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,650 sqft. Most properties in this region are around 3 stories. Most buildings in this region were built in 1984 and are Class B.

South Miami Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst South Miami folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in South Miami.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Miami.

South Miami Submarkets