Miami, FL Office Space for Rent
Commercial real estate in the South Florida region has stood out among the country’s best markets for fiscal stability more than once. As the main metropolitan engine, Miami drives not only population, but also business growth across the area. The city takes great pride in its business-friendly environment, which continues to draw both national and international investors. Miami’s climate, excellent location, and rich cultural influences have nurtured a strong regional retail sector, as well as an office market made famous and perpetually irresitible by the bold investors of the 1980s. That same office market is fueled by the city’s strong professional services segment, today.See our listings
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Rates for office space for rent in Miami average $34.39 per square foot per year. Currently, there are 1,165 office space opportunities listed locally, spread across 10 class A and 133 class A office assets, as well as 201 class B and 50 class C buildings. Out of the total number of Miami properties with listed vacancies, 23 are LEED-certified. The average size for office space for rent in Miami is 5,799 square feet.
7 Spaces / 40,057 Sqft
One Biscayne Tower
17 Spaces / 179,760 Sqft
6 Spaces / 54,141 Sqft
6303 Waterford at Blue Lagoon
7 Spaces / 16,853 Sqft
6 Spaces / 11,601 Sqft
11 Spaces / 71,603 Sqft
13 Spaces / 31,131 Sqft
5 Spaces / 16,538 Sqft
Meridian Executive Center
3 Spaces / 7,573 Sqft
Miami Office Space Market Stats
The “Cruise Capital of the World” is also home to a vibrant office market — a sunny, sprawling expanse of iconic architecture made irreversibly famous in the particularly prolific 1980s.
Anchoring a vast metropolitan area, Miami city proper is home to a population of more than 400,000 residents, as well as some of the priciest Florida real estate. Office space for rent in Miami commands, on average, $34.39 per square foot per year. Listings offer a good range of size and include spaces as large as 311,479 square feet or as small as 95 square feet. Locally listed Miami office opportunities total 6,974,019 square feet, with rents starting at $14.00 per square foot per year.
Office listings on the Miami market include spaces in 133 class A properties, and 10 that are class A+. The average rent for class A office space here is $39.08 per square foot per year, while class A+ rentals get, on average, $62.30 per square foot per year. The average rate for class B office space for rent in Miami is $29.11 per square foot per year, while class C office space gets an average of $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