real-estate
Miami Commercial Real Estate Trends
Deep dive into Class A, B, and C office and retail space across Miami-Dade.
Core Assumptions & Market Data
In Q3 2023, the data showed significant shifts. Class A office vacancy in Brickell remains astonishingly low at 3.8%, forcing a migration to Class B spaces in Downtown and Coral Gables.
Common Mistakes
- Underestimating tenant improvement (TI) allowances required to secure 5+ year leases.
- Failing to account for Miami-Dade specific environmental assessments (Phase I & II) which are taking 30% longer than national averages.
Frequently Asked Questions
Are rents actually stabilizing?
Yes, the hyper-growth of 2021-2022 has plateaued, but we are not seeing concessions or meaningful rent reductions on premium space.
The natural next step is to evaluate your own numbers or consult our primary reporting.