Miami has 5 distinct Class A submarkets we track, anchored by Brickell at the trophy tier.

  • 5 submarkets covered.
  • Trophy tier: Brickell.
  • Prime tier: Downtown, Coral Gables, Wynwood & Design District.
  • Established/emerging tier: Aventura & North Miami.

Miami Class A submarkets

Miami has 5 distinct Class A submarkets we track, anchored by Brickell at the trophy tier.

TL;DR

  • 5 submarkets covered.
  • Trophy tier: Brickell.
  • Prime tier: Downtown, Coral Gables, Wynwood & Design District.
  • Established/emerging tier: Aventura & North Miami.

By tier

**Brickell** (trophy, ~$105/sqft/yr) — Miami's trophy financial spine. **Downtown** (prime, ~$72/sqft/yr) — Legacy CBD with deep trophy stock. **Coral Gables** (prime, ~$68/sqft/yr) — Boutique HQ market with Latin American tilt. **Wynwood & Design District** (prime, ~$75/sqft/yr) — Creative and tech tenant frontier. **Aventura & North Miami** (established, ~$48/sqft/yr) — Suburban Class A with strong inbound demand.

Key facts

cityMiami
countryUnited States
regionAmericas
classARentLocal78 USD/sqft/yr
classARentUsd$78/sqft/yr
vacancy11.8%
typicalLeaseYears7
typicalRentFreeMonths9
submarkets5
primeYieldPct5.4%
trophyCount1
primeCount3

Frequently asked questions

How many Class A submarkets are in Miami?
5, ranging from trophy (Brickell) down to established and emerging clusters.

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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