2022 Office Space Rent & Sales
- $49.80 2022 Avg. Asking Rent
- 16.48% 2022 Office Vacancy Rate
- $103.8M2022 Total Office Sales
- $831.98Avg. Sale Price/SF
Miami Beach office price per square foot in 2022 was $49.80 on average. The local office market recorded an average vacancy rate of 16.48% across all asset classes combined. The 3 transactions that closed here throughout 2022 amounted to a total sale volume of $103.8M. Miami Beach office space commanded an average sale price per square foot of $831.98.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Miami Beach Class B Office Space$49.80
- Florida Class A & A+ Office Space$35.94
- Florida Class B Office Space$26.81
- Florida Class C Office Space$19.09
Miami Beach, FL Office Asking Rents by Class
Miami Beach Office Sale Price per SF
- $831.982022 Avg. Price per SF
- $103.8M2022 Office Sales Volume
- 32022 Number of Transactions
Miami Beach, FL Sale Price per SF Trend
- Miami Beach Avg. Sale Price per SF in 2022$831.98
- Florida Avg. Sale Price per SF in 2022$234.16
2022 Office Sales Volume
- Miami Beach, FL Total Office Sales Volume in 2022 $103.8M
- Miami Beach, FL Total Number of Office Sales Closed in 2022 3
Largest Miami Beach Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
555 Washington | 555 Washington Avenue | 4/6/2022 | $52,256,800 |
429 Lenox Avenue | 429 Lenox Avenue | 7/26/2022 | $37,000,000 |
81 Washington Avenue | 81 Washington Avenue | 1/20/2022 | $14,500,000 |
Coworking Spaces in Florida
- Houston Coworking Space
- Atlanta Coworking Space
- Dallas Coworking Space
- Miami Coworking Space
- Austin Coworking Space
- Charlotte Coworking Space
- Nashville Coworking Space
- Raleigh Coworking Space
- Tampa Coworking Space
- Jacksonville Coworking Space
- Orlando Coworking Space
- Boca Raton Coworking Space
- Fort Lauderdale Coworking Space
- Memphis Coworking Space
- West Palm Beach Coworking Space
- Durham Coworking Space
- Birmingham Coworking Space
- New Orleans Coworking Space
- Alpharetta Coworking Space
- Chattanooga Coworking Space
- Miami Beach Coworking Space
2022 Office Construction in Miami Beach, FL
- Miami Beach, FL Total SF under construction in 2023 40,000
Office building | Address | SF | Completed |
---|---|---|---|
The Fifth | 944 5th St, | 70,000 | 2024 |
1674 Meridian Avenue | 1674 Meridian Avenue, 33139 | 31,979 | 2021 |
709 Alton | 709 Alton Road, 33139 | 63,500 | 2018 |
The Lincoln - Class A Offices | 1691 Michigan Ave, 33139 | 161,824 | 2003 |
Lincoln Place | 1601 Washington Avenue, 33139 | 139,887 | 2002 |
555 Washington | 555 Washington Avenue, 33139 | 68,000 | 2001 |
404 Washington | 404 Washington Ave, 33139 | 159,887 | 1995 |
Sheridan Center | 410 Arthur Godfrey Road, 33140 | 69,379 | 1986 |
420 Jefferson Ave | 420 Jefferson Ave, 33139 | 23,000 | 1975 |
1688 Meridian Avenue | 1688 Meridian Avenue, 33139 | 89,834 | 1961 |
Worth noting among recent office completions on the Miami Beach market is The Fifth, which is currently the largest new office development in the city, at 70,000 square feet.
See reports for other markets
- Miami Office Rent Price
- Jacksonville Office Rent Price
- Tampa Office Rent Price
- Fort Lauderdale Office Rent Price
- Orlando Office Rent Price
- West Palm Beach Office Rent Price
- Boca Raton Office Rent Price
- St. Petersburg Office Rent Price
- Tallahassee Office Rent Price
- Sarasota Office Rent Price
- Hollywood Office Rent Price
- San Diego Office Rent Price
- Denver Office Rent Price
- Atlanta Office Rent Price
- Los Angeles Office Rent Price
- Charlotte Office Rent Price
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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Miami Beach 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.