Miami office market reports

Q2 2024

As of the second quarter of 2024, Miami's unemployment rate increased slightly to 2.2%. This is 110 basis points lower than Florida’s total unemployment rate of 3.3%. Total nonfarm employment rate has experienced a year-over-year increase of 2.6%, with the business and professional services sector posting a 1.8% increase during that period.
$301 psf

Average sales price

The average office price per square foot sits at $301 over the trailing 12-month period.

8,638 sf

Average trophy lease size

Tenants within trophy office spaces begin to right-size their space needs with the average lease size of 8,638 square feet.

$60.08

Average asking rents

Robust tenant demand continues to fuel rent growth reaching over $60 per square foot (FS).

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.

The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.

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