Miami has emerged as a major international commercial real estate market, with approximately 120 million square feet of commercial inventory spanning Brickell, Wynwood, Miami Beach, and the suburban Doral and Aventura corridors. The market is driven by finance, international trade, luxury retail, and a growing tech and private equity presence. Florida has no state income tax and is landlord-friendly, attracting significant institutional capital.
By Angel Campa, Founder · Updated March 2026
Commercial Space
120M sq ft
Avg Office Rent
$45–$75/sq ft
Vacancy Rate
16%
Avg Lease Term
5–10 years
Brickell Class A office leases use FSG or Modified Gross. Suburban office and industrial are NNN. High-street retail on Miracle Mile and Lincoln Road commands NNN with percentage rent overlays. International tenants frequently negotiate assignments and sublease provisions given cross-border business structures, making those fields especially important to abstract carefully.
Florida Landlord–Tenant Guide
State-specific commercial lease laws, notice periods, and tenant rights for Florida →
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