Bayfront Park, Frost Museum, Pérez Art Museum.
Bayfront Park, Frost Museum, Pérez Art Museum.
Bayfront Park, Frost Museum, Pérez Art Museum.
Premium hotel and dining inventory is tight to the submarket — important for international client hosting.
| city | Miami |
|---|---|
| submarket | Downtown |
| tier | prime |
| averageRentLocal | $72/sqft/yr |
| cityClassARentUsd | $78/sqft/yr |
| cityVacancyPct | 11.8% |
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.