Doral Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $38.78 2024 Avg. Asking Rent
  • 24.28% 2024 Office Vacancy Rate
  • $110.9M2024 Total Office Sales
  • $236.18Avg. Sale Price/SF

Doral office price per square foot in 2024 was $38.78 on average. The local office market recorded an average vacancy rate of 24.28% across all asset classes combined. The 3 transactions that closed here throughout 2024 amounted to a total sale volume of $110.9M. Doral office space commanded an average sale price per square foot of $236.18.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Florida Class A & A+ Office Space$40.20
  • Florida Class B Office Space$27.71
  • Florida Class C Office Space$22.62

Doral, FL Office Asking Rents by Class

2024 Office Vacancy Rates in Doral

Submarket Asking Rents Vacancy Rates
Airport West $38.69 22.70%
Miami West $35.65 5.30%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Doral market was 24.28% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Doral was 5.30% in the Miami West submarket, while the highest office vacancy in the market was 22.70%, recorded in Airport West.

Office Spaces for Rent in Florida

Doral Office Sale Price per SF

  • $236.182024 Avg. Price per SF
  • $110.9M2024 Office Sales Volume
  • 32024 Number of Transactions

Doral, FL Sale Price per SF Trend

  • Doral Avg. Sale Price per SF in 2024$236.18
  • Florida Avg. Sale Price per SF in 2024$221.95
The sale price for office space in Doral averaged $236.18 per square foot in 2024, across all market subdivisions and asset classes. Conversely, the statewide Florida average office sale price during the same time period was $221.95 per square foot.

2024 Office Sales Volume

  • Doral, FL Total Office Sales Volume in 2024 $110.9M
  • Doral, FL Total Number of Office Sales Closed in 2024 3
A total of 3 deals closed on the Doral office market in 2024, adding up to a yearly sales volume of $110.9M. Notably, the largest transaction on the market saw One Park Square change hands for $71,000,000 on 9/26/2024.
Data provided by Commercial Edge

Coworking Spaces in Florida

2024 Office Construction in Doral, FL

  • Doral, FL Total SF completed in 2024 160,000

During 2024, 160,000 square feet of new office space were delivered across the market. At the close of 2024, the Doral office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 160,000 square feet of office space.

Largest Office Properties Recently Completed in Doral
Office building Address SF Completed
Class A+ Build-to-Suit Warehouse in Doral’s Premier Business Park 10405 Northwest 19th Street, 33172 40,445 2024
10450 NW 33rd St 10450 NW 33rd Street, 33172 750 2019
10450 NW 33rd St 10450 NW 33rd St, 33172 620 2019
1500 NW 89th Ct 1500 NW 89th Ct, 33172 1,030 2016
One Park Square 3470 NW 82nd Avenue, 33122 281,623 2009
7950 PROFESSIONAL CENTER CONDO 7950 NW 53rd St #333, 33166 1,029 2008
Gateway Office Center 2400-2420 NW 87th Pl, 33172 1,105 2006
2410 Milam Dairy Road, 2410 Milam Dairy Road,, 33166 7,200 2002
Westside Plaza III 8200 NW 33rd Street, 33122 106,849 2001
Doral Concourse 8400 NW 36th Street, 33166 240,144 2000

Worth noting among recent office completions on the Doral market is Class A+ Build-to-Suit Warehouse in Doral’s Premier Business Park, which is currently the largest new office development in the city, at 40,445 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Doral commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.