Miami, FL Commercial Real Estate
South Florida commercial real estate has ranked among the country’s best markets for fiscal stability, more than once. Miami is the main driver of population and business growth across the region. The city’s business-friendly environment continually draws both national and international investors. Miami’s location, climate, and diverse cultural influences have sustained a healthy regional retail sector, as well as the office and industrial real estate development that is fueled by the city’s strong professional services segment.See our listings
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The average rent for commercial real estate for lease in Miami is $32.66 per square foot per year. There are currently 1,209 availabilities listed locally, spread across 10 trophy grade and 148 class A commercial assets, as well as 274 class B and 78 class C properties. Out of the total number of buildings with vacancies listed in our inventory, 23 are LEED-certified. The average size of a commercial space for lease in Miami is 5,926 square feet.
Dolphin Commerce Center
1 Space / 14,489 Sqft
One Datran Center
12 Spaces / 51,708 Sqft
Sunset Square Office Park A
3 Spaces / 12,435 Sqft
Kendall Medical Plaza
8 Spaces / 10,754 Sqft
6 Spaces / 54,141 Sqft
6 Spaces / 11,601 Sqft
13 Spaces / 31,131 Sqft
5 Spaces / 16,538 Sqft
Dadeland Professional Building
3 Spaces / 4,386 Sqft
Miami Commercial Real Estate Market Stats
The highly popular "Cruise Capital of the World" is also home to a vibrant commercial real estate market — a sunny, sprawling expanse of iconic architecture, which houses everything from multifamily to office, to retail, with no shortage of mixed-use developments in the making.
Miami city proper is home to a population of more than 400,000 residents, as well as some of the most highly valued Florida real estate. Commercial space for lease in Miami commands rents of $32.66 per square foot per year, on average. Listings vary greatly in size across property types, and include spaces as small as 95 square feet or as large as 311,479 square feet. Locally listed commercial spaces total 5,371,150 square feet, with rents starting at $9.5 per square foot per year.
Listings on the Miami market include 148 class A commercial properties, and 10 that are class A+. The average rental rate for class A commercial space here is $39.08 per square foot per year, while class A+ rentals command $62.30 per square foot per year. The average rent for class B commercial space for lease in Miami is $28.24 per square foot per year, while rents for class C commercial property listed locally average $26.11 per square foot per year.
Commercial real estate news
From our blog
July 15, 2020
Lyda Hill Philanthropies and J. Small Investments recently announced their future-focused redevelopment plans for Pegasus Park. The project aims to boost the science and tech scenes in Dallas and turn the former ExxonMobil campus into a hub for innovation and social influence.Read more
July 7, 2020
Richmond, Va.-based commercial real estate investment firm Lingerfeld Commonwealth Partners (LCP) recently announced the sale of Buschwood III in Tampa, Fla., to fellow Virginia-based company Continental Capital Partners (CCP). The sale price was reported to be $10.35 million.Read more
July 3, 2020
Rexford Industrial Realty Inc., a real estate investment trust (REIT) focused on investing in and operating property in Southern California infill markets, recently completed the purchase of a five-property portfolio for $73.2 million. The acquisition incorporates 434,000 square feet of both value-add and institutional-quality assets.Read more