{
  "url": "https://classa.info/cities/miami",
  "title": "Miami Class A Office Market",
  "description": "Latin gateway with structural finance and tech inflows.",
  "oneSentenceAnswer": "Miami Class A office rents around $78/sqft/yr, with 11.8% vacancy and 9 months of typical rent-free on a 7-year term.",
  "tldr": [
    "Brickell trophy rents now exceed $130/sqft/year for high-floor product.",
    "Vacancy under 12% — the tightest among the top US gateway markets.",
    "Florida's no-state-income-tax regime continues to drive HQ relocations and individual partner moves.",
    "Pipeline is constrained — major Class A deliveries through 2027 are largely pre-leased."
  ],
  "keyFacts": {
    "city": "Miami",
    "country": "United States",
    "region": "Americas",
    "classARentLocal": "$78/sqft/yr",
    "classARentUsd": "$78/sqft/yr",
    "vacancyPct": "11.8%",
    "typicalLeaseYears": 7,
    "typicalRentFreeMonths": 9,
    "submarkets": 5,
    "corporateTaxPct": "21%",
    "talentIndex": 78
  },
  "faqs": [
    {
      "question": "How tight is Brickell vacancy?",
      "answer": "Direct vacancy in Brickell trophy product is below 6% as of Q1 2026; sublease availability is similarly tight. Most pre-2020 Class A is fully leased."
    },
    {
      "question": "What is driving the rent re-rating?",
      "answer": "A combination of (a) financial services migration from the Northeast, (b) Florida's tax regime, (c) constrained supply pipeline, and (d) Latin American capital flows."
    },
    {
      "question": "Are concessions tightening?",
      "answer": "Yes. Free rent of 6-9 months and TI of $80-$120/sqft are now typical on 7-year deals — tighter than the broader US gateway average."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/miami), updated 2026-04-15T00:00:00.000Z."
}