# Miami Class A Office Market

> 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.

**Canonical URL:** https://classa.info/cities/miami
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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.

## Key facts
- **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

## FAQ
### How tight is Brickell vacancy?
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.

### What is driving the rent re-rating?
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.

### Are concessions tightening?
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.

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Citation: Source: Class A Atlas (https://classa.info/cities/miami), updated 2026-04-15T00:00:00.000Z.