Miami, FL Retail Space for Lease
Search 181 retail listings in Miami, FL and find helpful local stats in the Market Overview section below.
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5600 - 5618 sunset drive, Sunset View, Miami, FL
Retail Space Rents in Miami, FL
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Miami asks $39.17 per square foot.
Retail Space Lease Types in Miami, FL
The most common type of lease agreement you’ll find here is NNN, with 40 space(s) available under this type of arrangement. The local market is also home to 7 retail space(s) offered under a Modified Gross lease agreement type, and 2 Full Service listing(s).
Most Common Type of Lease for Retail Buildings in Miami, FL
- NNN 40
- Modified Gross 7
- Full Service 2
Average Size of Retail Space for Lease in Miami, FL
The average size for this type of rental opportunity in Miami is 1,000 sqft to 2,500 sqft. Currently, the local market offers 99 listing(s) within that size range. You can also search 64 listing(s) in the more than 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail Space Types You Can Lease in Miami, FL
Retail space in Miami comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 20 such space(s) available.
Restaurant spaces listed for rent here have an average size of 4,961 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
The local market is also home to 6 space(s) listed as Street Retail. The average size you can expect to find for this category is 2,450 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.
What’s more, you can find 2 listing(s) in the Retail (Other) category, currently available in the average size of 2,350 square feet. Retail spaces come in many shapes and designs. Some are specifically tailored to the tenant that uses them, others are more generic space that can easily be reconfigured to accommodate different kinds of businesses over time.
Number of Retail Spaces for Lease in Miami, FL, by Use Type
Restaurant
20
Street Retail
6
Retail (Other)
2
Average Retail Listing Size in Miami, FL, by Use Type
Restaurant
4,961 sq. ft.
Street Retail
2,450 sq. ft.
Retail (Other)
2,350 sq. ft.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
Top Locations to Lease Retail Space in Miami, FL
In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.
Brickell is your top choice for lease opportunities, as it is currently home to the highest number of listings — 30 retail space(s). The most popular space type here is Restaurant. You can find 5 such listing(s) here.
Miami’s second most popular area is Upper East Side, where you can find 26 retail listing(s). The most likely type of space you can rent here is Restaurant. If this is the kind of property you are looking for, you will find 3 listing(s) available here.
Downtown Miami is also among the best areas to search for your next commercial space. Here you can find 21 retail space(s) available for consideration by prospective tenants.
Top Locations to Lease Retail Space in Miami, FL
Brickell
30
Upper East Side
26
Downtown Miami
21
Wynwood
19
Allapattah
15
Key Factors to Consider When Choosing a Retail Space for Lease
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
How much space do you think you will need? A smaller, more specialized business may find a mall space to be more than accommodating, but if you’re looking to set up a business like a diner, car wash, or furniture store, a freestanding space or big box retail space in a shopping center may be more appropriate.
Some properties also go the extra mile to become more environmentally friendly, which is often indicated by a LEED certification. The Miami real estate market is home to 1 LEED-certified retail building(s). This kind of space represents 0.37% of the city’s total retail real estate.
Distribution of LEED-Certified Retail Properties in Miami, FL
LEED Gold
1
Data based on retail spaces listed for rent on CommercialSearch.com
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