Figures

Miami Office Figures - Q4 2024

January 10, 2025 5 Minute Read

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  • Inventory increased to end 2024 with over 925,000 sq. ft. of Class A product delivered in Brickell (664K), Downtown Miami (127K), Miami Beach (60K), and Wynwood (73K).
  • Despite such deliveries, Class A availability has remained stable throughout 2024 standing at 20.0%, the same level as this time last year.
  • Every major submarket experienced positive rent growth. Class A Brickell rates continue to rise, increasing by 5.7% year-over-year to $101.76/sq. ft.