What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Miami Beach commercial real estate market incorporates 4,059,316 square feet of office space across 54 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Miami Beach, the coworking segment of the commercial real estate market incorporates about 11,515 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Miami Beach commercial real estate market includes 2,757,580 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Miami Beach market, there is a total of 25,771 square feet of industrial property.

What types of commercial real estate are available in Miami Beach, FL?

The largest share of commercial real estate space for lease in Miami Beach is represented by Office space , which accounts for 368,984 square feet of available listings. Retail space available in Miami Beach adds up to 132,377 square feet.

What factors affect the price of commercial real estate in Miami Beach, FL?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Miami Beach, FL?

The average rent for commercial real estate space listed for lease in Miami Beach is $49.47 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Miami Beach can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in Miami Beach, FL?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Miami Beach, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Miami Beach is in the Miami Beach City Center neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Miami Beach City Center area . Meanwhile, retail space opportunities are most abundant in the Miami Beach City Center submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Normandy Isles . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $60 per square foot. In particular, the property type commanding the highest lease rates in Miami Beach was Office space. Conversely, the highest sale price last year was $52,256,800 that is located at 555 Washington Avenue.

What is the average size of a commercial property in Miami Beach, FL?

The average size of a commercial property in Miami Beach depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Miami Beach, the average size of an office property is 78,064 square feet. Retail properties here incorporate an average of 50,138 square feet. Industrial space in Miami Beach is in buildings that are, on average 25,771 square feet in size.

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144 Commercial Real Estate Listings in Miami Beach, FL

CRE Market Stats

25% off SPACES LINCOLN ROAD
Spaces
1111 Lincoln Road, Miami Beach, FL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

Catering

Complimentary coffee & tea

High-speed wifi

Parking

Printer

Privacy booths

Receptionist/Secretarial services

Window view
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1920 Alton Road

1920 Alton Road, Bayshore, Miami Beach, FL
For Lease

Contact for pricing
Property

Retail

20,713 SF
Availability

1 Space

12,545 SF
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Shoppes at West Avenue - Retail

959 West Avenue, South Pointe, Miami Beach, FL
For Lease

Contact for pricing
Property

Retail

1,817 SF
Availability

1 Space

1,817 SF
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2,135 SF of Restaurant Space Available on Alton Road

1671 Alton Rd, Miami Beach City Center, Miami Beach, FL
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

3,421 SF
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673 Collins Avenue

673 Collins Avenue, Ocean Beach, Miami Beach, FL
For Lease

Contact for pricing
Property

Restaurant

11,668 SF
Availability

1 Space

1,111 SF
Year Built

1996
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6978 Collins Ave.

6978 Collins Ave., North Shore, Miami Beach, FL
For Lease

Contact for pricing
Property

Retail

1,000 SF
Availability Contact for availability
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124-136 Collins Avenue

124 & 136 Collins Avenue, South Pointe, Miami Beach, FL
For Lease

Contact for pricing
Property

Retail

30,229 SF
Availability

2 Spaces

2 SF
Year Built

1994
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Kane Concourse Enterprise LLC

1037 Kane Concourse, Bay Harbor Islands, FL
For Lease

$1,200.00 - $1,520.00/MO
Property

Office

14,094 SF
Availability

2 Spaces

675 SF
Year Built

1958
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Retail Space at Lincoln Rd & James Ave | Heavy Pedestrian Area Near South Beach

1659 James Avenue, Miami Beach City Center, Miami Beach, FL
For Lease

$80.00/SF/YR
Property

Retail

26,506 SF
Availability

1 Space

933 SF
Year Built

1947
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1688 Meridian Avenue

1688 Meridian Avenue, Miami Beach City Center, Miami Beach, FL
For Lease

Contact for pricing
Property

Office

89,834 SF
Availability

3 Spaces

6,013 SF
Year Built

1961
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6948 Collins Avenue

6948 Collins Avenue, Surfside, FL
For Lease

$600.00 - $1,600.00/MO
Property

Office

1,270 SF
Availability

4 Spaces

1,251 SF
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1685 Lenox Avenue

1685 Lenox Avenue, Miami Beach City Center, Miami Beach, FL
For Lease

Contact for pricing
Property

Land

50,000 SF
Availability

1 Space

50,000 SF
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Sheridan Center

410 Arthur Godfrey Road, Bayshore, Miami Beach, FL
For Lease

Contact for pricing
Property

Office

69,379 SF
Availability

1 Space

4,340 SF
Year Built

1986
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1101 71st St

1101 71st St, Normandy Isles, Miami Beach, FL
For Lease

$10,000.00/MO
Property

Land

18,641 SF
Availability

1 Space

18,000 SF
Year Built

1981
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Restaurant/Retail walking distance to New Miami Beach Convention Center

1688 Meridian Avenue, Miami Beach City Center, Miami Beach, FL
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

1,761 SF
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Meridian Center
Regus
1688 Meridian Avenue Suite 600 & 700, Miami Beach, FL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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Meridian Waterway | Prime Waterfront Development Site

4015 Meridian Ave, Bayshore, Miami Beach, FL
For Sale

Contact for pricing
Property

Other

12,171 SF
Year Built

1936
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2200 Collins Avenue

2200 Collins Avenue, Miami Beach City Center, Miami Beach, FL
For Lease

Contact for pricing
Property

Retail

26,891 SF
Availability

1 Space

2,200 SF
Year Built

2012
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Elysee Investment Company of Miami Beach Inc.

220 71st Street, North Shore, Miami Beach, FL
For Lease

$48.00/SF/YR
Property

Office

17,584 SF
Availability

1 Space

300 SF
Year Built

1956
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734-744 Lincoln Road

Lincoln Road Mall - 734-744 Lincoln Road, Miami Beach City Center, Miami Beach, FL
For Lease

Contact for pricing
Property

Retail

16,693 SF
Availability

3 Spaces

13,764 SF
Year Built

1934
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1960 Normandy Drive

1960 Normandy Dr, Normandy Isles, Miami Beach, FL
For Lease

$25.00/SF/YR
Property

Industrial

25,771 SF
Availability

2 Spaces

25,771 SF
Year Built

1971
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Restaurant 2nd Generation | Miami Beach

1542 Washington Ave, Ocean Beach, Miami Beach, FL
For Sale

$4,700,000
Property

Retail

5,870 SF
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555 Washington

555 Washington Avenue, Ocean Beach, Miami Beach, FL
For Lease

Contact for pricing
Property

Office

68,000 SF
Availability

3 Spaces

4,045 SF
Year Built

2001
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7143 Collins Ave Miami Beach

7143 Collins Ave Miami Beach, North Shore, Miami Beach, FL
For Lease

Contact for pricing
Property

Retail

900 SF
Availability Contact for availability
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1,225 SF Available on Lincoln Road

345 Lincoln Rd, Miami Beach City Center, Miami Beach, FL
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

1,225 SF
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635-639 Lincoln Road

635-639 Lincoln Road, Miami Beach City Center, Miami Beach, FL
For Lease

Contact for pricing
Property

Retail

5,398 SF
Availability

1 Space

1,889 SF
Year Built

1935
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