Figures

Miami Office Figures - Q1 2025

April 8, 2025 5 Minute Read

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  • 2025 started off strong with over 141,000 sq. ft. of absorption, specifically surrounding Miami’s CBD
  • Deliveries began the year with Wynwood Plaza bringing to market 387,000 sq. ft. of space, of which 16.3% is already pre-leased with move ins expected throughout 2025.
  • The Miami Office market experienced positive rent growth of 910 bps year-over-year to $62.35 per sq. ft. Brickell rates continue to lift the watermark boasting an overall asking rate of $91.56/sq. ft.