Highlights
- The average rent for office space in Miami is $59.85 per square foot, 3.08% lower compared to the previous year.
- The market’s vacancy rate stands at 15.00%, lower than the state average of Florida, which is 15.13%.
- Renting Class A/A+ office space here costs $63.90 per square foot, while Class B averages $44.73 and Class C stands at $21.76.
- 918,269 square feet is currently under construction.
2025 Office Space Rent & Sales
- $59.85 2025 Avg. Asking Rent
- -3.08% Y-o-Y Avg. Asking Rent Change
- 15.00% 2025 Office Vacancy Rate
- $471.3M2025 Total Office Sales
- $408.03Avg. Sale Price/SF
What is the average asking rent price for office space in Miami?
Average asking rents for office space here stand at $59.85 per square foot. The local office market recorded an average vacancy rate of 15.00% in 2025, unchanged from 15.00% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $471.3M across 15 sales. These transactions commanded an average sale price per square foot of $408.03.
Miami, FL Office Asking Rents by Class
What is the average office rent per square foot by property class in Miami?
- Avg. Asking Rent Class A & A+$63.90
- Avg. Asking Rent Class B$44.73
- Avg. Asking Rent Class C$21.76
The average asking rent for Class A and A+ office space stood at $63.90 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Miami averaged $44.73 per square foot, while the average for Class C space was $21.76 per square foot.
What is the average office rent per square foot by property class in FL?
- Avg. Asking Rent Class A & A+$45.91
- Avg. Asking Rent Class B$27.03
- Avg. Asking Rent Class C$19.30
For comparison, the average rent for Class A and A+ office space in Florida was $45.91 per square foot. The state-wide average for Class B space was $27.03 per square foot, and Class C office spaces averaged $19.30 per square foot.
Miami, FL Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Brickell | $71.80 | 8.31% |
| Miami North | $70.43 | 20.53% |
| Miami -Central Business District | $69.38 | 20.23% |
| Coral Gables - Downtown | $59.48 | 9.74% |
| Aventura | $57.27 | 10.44% |
| Miami Coconut Grove | $55.47 | 8.76% |
| Airport South | $54.18 | 16.41% |
| Dadeland | $51.88 | 6.78% |
| Coral Gables | $51.29 | 12.82% |
| Airport West | $39.01 | 19.58% |
| Miami West | $37.75 | 6.28% |
| Hialeah | $33.64 | 15.29% |
| Miami Gardens | $33.40 | 19.17% |
| Biscayne Corridor | $29.11 | 0.45% |
| Miami South | $23.69 | 9.36% |
2025 Office Sales Volume
- $408.032025 Avg. Price per SF
- -15.96%Y-o-Y Avg. PpSF Change
- $471.3M2025 Office Sales Volume
- 152025 Number of Transactions
What is the average sale price per square foot for office space in Miami?
Average sale prices for office space in this market recorded a -15.96% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $408.03 per square foot. For comparison, the statewide Florida average during the same time period stood at $209.15 per square foot, while the national average was $182.48 per square foot.
Miami, FL Sale Price per SF Trend
- Miami Avg. Sale Price per SF in 2025$408.03
- Florida Avg. Sale Price per SF in 2025$209.15
What was the total office sales volume in Miami in 2025?
The local office market recorded 15 deals in 2025, adding up to a yearly sales volume of $471.3M.
- Miami, FL Total Office Sales Volume in 2025 $471.3M
- Miami, FL Total Number of Office Sales Closed in 2025 15
What were the largest office building sales in Miami in 2025?
The market’s largest transaction last year was the sale of Sabadell Financial Center for $274,350,000 on 10/7/2025. The next-highest sale was the transaction involving Continental Plaza, which traded for $47,500,000. The third-largest transaction was the sale of 2200 Biscayne for $41,999,000.
| Property name | Address | Date | Price |
|---|---|---|---|
| Sabadell Financial Center | 1111 Brickell Avenue | 10/7/2025 | $274,350,000 |
| Continental Plaza | 3250 Mary Street | 10/1/2025 | $47,500,000 |
| 2200 Biscayne | 2200 Biscayne Blvd | 6/13/2025 | $41,999,000 |
| Bayview Executive Plaza | 3225 Aviation Avenue | 10/1/2025 | $34,000,000 |
| Medical Park Building | 9090 SW 87th Court | 8/19/2025 | $14,250,000 |
2025 Office Construction in Miami, FL
- Miami, FL Total SF completed in 2025 353,945
- Miami, FL Total SF under construction in 2026 918,269
How much office space was built in Miami in 2025?
Looking forward, development activity in 2026 is estimated to add 918,269 square feet of office space to the market in total.
What are the largest recent office completions in Miami?
The largest recent office completion here is 830 Brickell at 626,166 square feet, completed in 2024. The next largest completions are Wynwood Plaza and The Gateway at Wynwood.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Vizcaya Capital Building | 2871 Oak Avenue, 33133 | 48,706 | 2026 |
| 7373 Professional | 7373 SW 93rd Ave, 33173 | 5,500 | 2026 |
| Wynwood Plaza | 95 NW 29th St , 33127 | 286,068 | 2025 |
| 830 Brickell | 830 Brickell Plaza, 33131 | 626,166 | 2024 |
| The Matrix Medical Center | 8966 SW 40th Street, 33165 | 41,445 | 2024 |
| The Dorsey | 286 NW 29th Street, 33127 | 105,000 | 2023 |
| Strata Wynwood | 2201 N Miami Ave, | 80,441 | 2022 |
| The Gateway at Wynwood | 2916 North Miami Avenue, 33127 | 220,900 | 2021 |
| The Gateway at Wynwood | 2916 N Miami Ave, | 220,900 | 2021 |
| Megacenter Brickell | 420 SW 7th St, 33130 | 143,866 | 2021 |
See reports for other markets
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- Tampa Office Rent Price
- Orlando Office Rent Price
- Fort Lauderdale Office Rent Price
- Sarasota City Office Rent Price
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- Doral Office Rent Price
- Fort Myers Office Rent Price
- West Palm Beach Office Rent Price
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.