Moving into Miami from another Tier 1 market means re-baselining occupancy economics in USD, re-running headcount density against local norms, and translating lease terminology to local conventions.
Moving into Miami from another Tier 1 market means re-baselining occupancy economics in USD, re-running headcount density against local norms, and translating lease terminology to local conventions.
Headline Miami rent is 78 USD/sqft/yr ($78 USD). Translate your incumbent occupancy cost-per-seat to the same basis using the Occupancy Cost tool. Most cross-border moves underestimate fit-out">fit-out timeline and overestimate density transferability.
Modified-gross structures dominate; 7-10 year terms are common. Free rent of 6-12 months and TI of $80-$140/sqft typical on a 10-year deal. Personal guarantees common for sub-investment-grade tenants. Use the Lease Term Translator to map terminology before reading the LOI.
Engage a tenant-rep broker, local counsel, an MEP/AV designer with Miami project history, and a project manager who has run a Class A fit-out in this market in the last 24 months.
| city | Miami |
|---|---|
| country | United States |
| region | Americas |
| classARentLocal | 78 USD/sqft/yr |
| classARentUsd | $78/sqft/yr |
| vacancy | 11.8% |
| typicalLeaseYears | 7 |
| typicalRentFreeMonths | 9 |
| submarkets | 5 |
| primeYieldPct | 5.4% |
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.