Miami office market reports
Q3 2025
Miami's office market in Q3 2025 recorded nearly 920k sf of leasing activity, on par with totals recorded in Q1 and Q2 2025. This steady pace highlights the market’s overall balance through the first three quarters of the year. From a supply standpoint, no new deliveries were recorded in Q3. However, the office development pipeline remains active, totaling just over 1 msf. Nearly half of that pipeline is concentrated in the Brickell and Miami Beach submarkets. From a macroeconomic perspective, the Miami-Miami Beach-Kendall MSA reported an unemployment rate of 2.9%, 140 basis points below the national average of 4.3%. Total non-farm employment continued its upward trend, noting a 1.2% year-over-year increase.
Total leased square footage
Reaching 919k sf in Q3 2025, total leased square footage has hovered around 900k sf throughout each quarter this year.
Average asking rate
Brickell office demand remains strong, noting an asking rent in Q3 2025 of nearly $100 psf/fs.
Weekly employee visitation
As of August 2025, Miami outpaced the national average, as well as six major office markets, in weekly employee visitation.
Your source for the latest Miami office market reports
Get in-depth office market reports from commercial real estate experts in the Greater Miami area. Avison Young advisors look at Miami commercial real estate activities and the latest Miami statistics to provide you expert market research on Miami's office properties.
Explore different topics like the latest office market pricing trends and analysis of Miami's current office real estate market conditions. Gain a better understanding of Miami’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Miami's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Miami.