The office market in Miami is extremely competitive, and available office space is scarce Downtown and in Brickell.
However, in recent years Miami has seen a huge building boom; most of this development is happening west toward Doral.
Fueled by a strong office market, the area is undergoing an urban transformation, as well as massive mixed-use projects like Downtown Doral and City Place Doral.
These developments include eight mid-rise condo towers, 70 retail stores and restaurants, and more than a million square feet of office space in four buildings along a new Main Street.
When companies look to move to Miami they are often looking to tackle the Latin America Market.
Top priorities for companies setting up in Miami are rent prices, available parking and beautiful views for client facing tenants.
For people looking for office space in Miami, our expert local representative Tomas Larkin suggests Brickell for a large range of options in office size and type.
The typical rate in Miami for executive suites averages around $900 per desk per month, depending on the area. Coral Gables, Downtown Miami, and Brickell will be on the higher end because of their central location and easy access to beach views.
Doral will be closer to $600 per person per month.
The further outside Downtown Miami you are, the lower the rates.
These prices often include parking and other amenities such as administrative support and security.
Because the office market in Miami is so congested at the moment, businesses are looking for a flexible, cost-effective solution in executive suites.
The size of offices depends on a company’s needs and the industry they’re in.
However, smaller, individual office spaces of 1-3 employees have been particularly popular in the city as companies test the water in Miami. For client-facing companies, an A Grade office in Miami has become a must.
Instant Offices are able to accommodate most inquiries, from one person through to 100 or more depending on the specifics.
Five things you probably didn't know about Miami:
- Before development started in the 1920s Miami Beach was a mangrove swamp
- Miami is the only city in the United States founded by a woman, Julia Tuttle and was incorporated in 1896
- Miami is bordered by two separate National Parks – Everglades National Park and Biscayne National Park
- While English may be the official language of Miami, Spanish is by far the dominant language, spoken by over 60% of the population
- The first Summits of the Americas (SOA) meetings were hosted by Bill Clinton in Miami, in 1994