Miami-Fort Lauderdale Commercial Space
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Renting Office Space in Miami
Office space demand in Miami is driven by industries such as finance, professional services, and international business. According to TenantBase data, medium-term lease commitments (3-5 years) dominate at 19.3%, with 1-2 year leases also prominent at 40.3%. Short-term leases of less than one year account for 13.8%, reflecting some businesses' desire for flexibility. Long-term leases (5+ years) make up about 7.6%. Areas like Downtown, Brickell, and Coral Gables remain focal points for office leasing, accommodating both global firms and local enterprises.
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Suite Rates in Miami
Suite Sizes in Miami
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Beverly Terrace | 1,200 | $4.57 / SF | 100 |
| Boca Raton | 1,200 | $1.93 / SF | 136 |
| Boynton Beach | 1,500 | $1.32 / SF | 47 |
| Coconut Grove | 1,400 | $3.29 / SF | 281 |
| Delray Beach | 1,100 | $1.78 / SF | 89 |
| Downtown Miami | 1,300 | $4.05 / SF | 290 |
| Edgewater | 600 | $4.27 / SF | 60 |
| Hialeah | 1,600 | $2.08 / SF | 222 |
| Hollywood, FL | 800 | $2.45 / SF | 160 |
| Little Haiti | 1,400 | $3.23 / SF | < 30 |
| Little Havana | 1,700 | $3.53 / SF | < 30 |
| Mall of the Americas | 2,200 | $2.07 / SF | 50 |
| Miami Airport Area | 1,500 | $2.24 / SF | 200 |
| Miami Beach | 700 | $3.78 / SF | 164 |
| Miami International Mall | 1,500 | $2.68 / SF | 62 |
| Mid-Beach Miami | 19,000 | $0.78 / SF | < 30 |
| Miramar | 1,000 | $2.25 / SF | < 30 |
| North Beach, FL | 500 | $2.67 / SF | 57 |
| Palm Beach | 1,600 | $2.59 / SF | 198 |
| Pembroke Pines | 1,800 | $2.25 / SF | < 30 |
| Pompano Beach | 1,800 | $1.75 / SF | 372 |
| Port St Lucie | 1,300 | $1.82 / SF | 105 |
| South Beach Miami | 700 | $4.31 / SF | 35 |
| Town Square Miami | 500 | $4.64 / SF | 30 |
| West Palm Beach | 1,600 | $2.40 / SF | 156 |
*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.