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.

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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.

Sweetwater, Miami
$9.95/Sqft/Year

Dolphin Commerce Center

11350 NW 25th Street, Sweetwater, Miami, FL 33172
Includes 2,720 square feet of office space. This Industrial building was completed in 1999 and features a total of 86,850 Sqft.
Property
Industrial
Availability
1 Space / 14,489 Sqft
Sunset Oaks, Miami
$18/Sqft/Year

Sunset Office Park

9380 Southwest 72nd Street, Sunset Oaks, Miami, FL 33173
Located at 9380 Southwest 72nd Street in the Sunset Oaks neighborhood, this Office building was completed in 1991 and features a total of 65,455 Sqft.
Property
Office
Availability
1 Space / 1,119 Sqft
Westview, Miami
$5.5/Sqft/Year

11150 NW 32nd Avenue

11150 NW 32nd Avenue, Westview, Miami, FL 33167
There is 1 Industrial space available for lease at 11150 NW 32nd Avenue, Miami, FL, 33167, totaling 123,125 Sqft.
Property
Industrial
Availability
1 Space / 123,125 Sqft
Downtown Miami, Miami
$34/Sqft/Year

200 Building

200 SE 1st St, Downtown Miami, Miami, FL 33131
Twelve-story building with adjacent parking structure. Has a number of telcom tenants. 12-Story, Class A Office Building with Ground Floor Retail.
Property
Office
Availability
12 Spaces / 34,107 Sqft
Blue Lagoon Area, Miami
$23.5/Sqft/Year

6505 Waterford

6505 Blue Lagoon Dr, Blue Lagoon Area, Miami, FL 33126
6505 Waterford is an award winning Class A office building offering many amenities including a café, fitness center, complimentary yoga sessions, interior and exterior seating, day care, easy highway access and plenty of free parking.
Property
Office
Availability
6 Spaces / 54,141 Sqft
Miami Media and Entertainment District, Miami
$22/Sqft/Year

Boulevard Center

1444 Biscayne Boulevard, Miami Media and Entertainment District, Miami, FL 33132
This office building is adjacent to the Omni (offices, retail, and Hilton Hoteal), and includes 4 levels of covered parking accessible via walkway on the 2nd floor.
Property
Office
Availability
6 Spaces / 11,601 Sqft
Brickell, Miami
13 Spaces Available

South Tower

1101 Brickell Avenue, Brickell, Miami, FL 33131
1101 Brickell Avenue is well situated in the heart of Brickell’s Financial District, at 11th Street and Brickell Avenue, close to both business and retail. In the heart of Miami’s Central Business District.
Property
Office
Availability
13 Spaces / 31,131 Sqft
Blue Lagoon Area, Miami
$23.5/Sqft/Year

6100 Waterford

6100 Blue Lagoon Dr, Blue Lagoon Area, Miami, FL 33126
6100 Waterford is an award winning Class A office building offering many amenities including a café, fitness center, complimentary yoga sessions, interior and exterior seating, day care, easy highway access and plenty of free parking.
Property
Office
Availability
5 Spaces / 16,538 Sqft
Westernland - Mirosa, Miami
$25/Sqft/Year

The Forum of Sunset - Back Bldg

9425 Sunset Drive, Westernland - Mirosa, Miami, FL 33173
High quality office space, customized office built-out, beautiful landscaped patio, on-site managment, ample parking, east access to SR 826, Turnpike & SR 836, Close to restaurants and & shops.
Property
Office
Availability
2 Spaces / 2,251 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 7,658,029 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

Industrial Deliveries Growth in 2020
First National Realty Partners Acquires N.J. Office Building

April 30, 2020

Real estate investment firm First National Realty Partners recently announced the purchase of The Coastal Building in Red Bank, NJ. The property will add 29,178 square feet of Class A Jersey Shore office space to the company’s portfolio.

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Office Submarkets in 2019
Amazon Expands Presence in Baltimore-D.C. Commercial Corridor

April 24, 2020

Cushman-Wakefield completed the $91 million sale of Techwood Business Center in Hanover, Md., on behalf of the seller, RREEF Management LLC. Amazon was the buyer in the deal, adding the Baltimore business park to its expanding portfolio in the state of Maryland.

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Retail News
Charlotte’s Hearst Tower Changes Hands in $446M Deal

April 14, 2020

Atlanta-based Cousins Properties has completed the sale of Hearst Tower. The Uptown Charlotte office property changed ownership to locally based Truist Financial Corporation. Commanding a gross price tag of $455.5 million, the building sold for roughly $470 per square foot.

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