What is the average Class A rent in Miami?

Around 78 USD/sqft/yr ($78 USD) across the broader Class A index. Trophy submarkets like Brickell command 20–40% above that.

How many months of rent-free are normal in Miami?

9 months on a 7-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Miami?

The Miami Class A market is currently rising. Vacancy is 11.8%, which sets the negotiating context.

Headline Class A rent in Miami is around 78 USD/sqft/yr ($78 USD), with 9 months of typical rent-free on a 7-year term.

Headline Class A rent: 78 USD/sqft/yr ($78 USD).
Trophy submarket rents (Brickell) push to roughly $105/sqft/yr.
Typical concessions on a 7-year deal: 9 months free rent.
Vacancy stands at 11.8% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Miami Class A office rents and incentives

Headline Class A rent in Miami is around 78 USD/sqft/yr ($78 USD), with 9 months of typical rent-free on a 7-year term.

TL;DR

Headline Class A rent: 78 USD/sqft/yr ($78 USD).
Trophy submarket rents (Brickell) push to roughly $105/sqft/yr.
Typical concessions on a 7-year deal: 9 months free rent.
Vacancy stands at 11.8% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Miami are quoted in USD per sqft per year. Across the broad Class A index the figure is 78, but the trophy tier in Brickell reaches roughly $105/sqft/yr. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Miami concessions on a 7-year Class A lease run to 9 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — 21% federal corporate income tax; no Florida state corporate income tax for most pass-through structures. Florida assesses a 5.5% corporate income tax on C-corps. No personal income tax.

Where rents land by submarket

Brickell sits at the top end (~$105/sqft/yr). Downtown clears around $72/sqft/yr as the prime tier. Aventura & North Miami represents the value end at ~$48/sqft/yr. The full submarket map is on the Miami city page.

Key facts

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%
trophyRent	$105/sqft/yr
primeRent	$72/sqft/yr

Frequently asked questions

What is the average Class A rent in Miami?: Around 78 USD/sqft/yr ($78 USD) across the broader Class A index. Trophy submarkets like Brickell command 20–40% above that.
How many months of rent-free are normal in Miami?: 9 months on a 7-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Miami?: The Miami Class A market is currently rising. Vacancy is 11.8%, which sets the negotiating context.

Editorial provenance

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

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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