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North Miami Beach Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $39.69 2024 Avg. Asking Rent
  • 31.83% 2024 Office Vacancy Rate

North Miami Beach office price per square foot in 2024 was $39.69 on average. The local office market recorded an average vacancy rate of 31.83% across all asset classes combined.

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

North Miami Beach, FL Office Asking Rents by Class

2024 Office Vacancy Rates in North Miami Beach

Submarket Asking Rents Vacancy Rates
Aventura $56.72 11.41%
Miami Gardens $38.26 25.73%
Biscayne Corridor $35.00 10.89%
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 North Miami Beach market was 31.83% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in North Miami Beach was 10.89% in the Biscayne Corridor submarket, while the highest office vacancy in the market was 25.73%, recorded in Miami Gardens.

Office Spaces for Rent in Florida

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Coworking Spaces in Florida

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2024 Office Construction in North Miami Beach, FL

Largest Office Properties Recently Completed in North Miami Beach
Office building Address SF Completed
Northpark Professional Building 100 NW 170th Street, 33169 73,131 1993
Venture Center 16855 NE 2nd Avenue, 33162 60,137 1989
International City Building 152 NW 168th Street, 33169 32,250 1973
Jackson North Medical Plaza 16800 NW 2nd Avenue, 33169 86,970 1972
16170 NE 11th Ct 16170 NE 11th Ct, 33162 2,000 1956

Worth noting among recent office completions on the North Miami Beach market is Northpark Professional Building, which is currently the largest new office development in the city, at 73,131 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 North 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.


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