--- title: "Austin vs Miami: Class A office comparison" description: "Side-by-side Class A office comparison for Austin and Miami — rent, vacancy, talent, tax, lease norms, transit, and top submarkets." canonical: https://classa.info/compare/austin-vs-miami pageType: comparison lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Austin ($60/sqft, 27.8% vacancy) and Miami ($78/sqft, 11.8% vacancy) compete on different axes: Austin on talent depth and Miami on rent and tax. ## TL;DR - Class A rent: Austin $60/sqft vs Miami $78/sqft. - Vacancy: Austin 27.8% vs Miami 11.8%. - Talent index: Austin 84 vs Miami 78. - Corporate tax: Austin 22.5% vs Miami 21%. - Premium flex/seat/month: Austin $720 vs Miami $920. # Austin vs Miami: Class A office comparison **Austin ($60/sqft, 27.8% vacancy) and Miami ($78/sqft, 11.8% vacancy) compete on different axes: Austin on talent depth and Miami on rent and tax.** ## TL;DR - [Class A](/glossary/class-a) rent: Austin $60/sqft vs Miami $78/sqft. - Vacancy: Austin 27.8% vs Miami 11.8%. - Talent index: Austin 84 vs Miami 78. - Corporate tax: Austin 22.5% vs Miami 21%. - [Premium flex](/topics/lease-vs-flex)/seat/month: Austin $720 vs Miami $920. ## Market data side-by-side | Metric | Austin | Miami| | Region | Americas | Americas| | Country | United States | United States| | Class A rent (USD/sqft/yr) | $60 | $78| | Class A rent (local) | 60 USD | 78 USD| | Vacancy | 27.8% | 11.8%| | Trend | softening | rising| | Prime yield | 6.8% | 5.4%| | Premium flex / seat / month (USD) | $720 | $920| | Submarkets covered | 5 | 5| | Corporate tax | 22.5% | 21%| ## Lease norms | Metric | Austin | Miami| | Typical term | 10 yrs | 7 yrs| | Typical rent-free | 18 mos | 9 mos| | Lease norms | Modified-gross structures with opex pass-throughs. 7-10 year terms common; trophy can push to 12-15. Free rent of 14-22 months and TI of $100-$150/sqft typical. | Modified-gross structures dominate; 7-10 year terms are common. Free rent of 6-12 months and TI of $80-$140/sqft typical on a 10-year deal. Personal guarantees common for sub-investment-grade tenants.| | Tax note | 21% federal corporate income tax. No Texas state income tax. Texas franchise tax of 0.75%. Property tax burden is elevated — model carefully into occupancy cost. | 21% federal corporate income tax; no Florida state corporate income tax for most pass-through structures. Florida assesses a 5.5% corporate income tax on C-corps. No personal income tax.| ## Talent | Metric | Austin | Miami| | Talent index (0–100) | 84 | 78| | Talent note | Deep tech engineering talent base anchored by UT Austin and a decade of in-migration. Strong concentrations in semiconductors (Tesla, Samsung, NXP), software, and gaming. | Strong bilingual (Spanish-English) finance and legal talent. Deep Latin American banking, asset management, and family-office concentrations. Tech talent is shallower than NY/SF but growing rapidly.| ## Transit & commute **Austin:** Capital Metro bus + MetroRail (single Red Line). Project Connect light rail in early planning. Heavy car dependency outside the central core; downtown trophy tenants increasingly emphasize walkable amenity. **Miami:** Metromover (free downtown), Metrorail to Brickell and Government Center, Brightline regional rail, MIA Mover from Miami International Airport. Brickell and Downtown are walkable; Wynwood and Coral Gables remain car-dependent. ## Top submarkets — Austin - [**Downtown**](/cities/austin/downtown) — [trophy tier](/topics/trophy-asset-selection) · $72/sqft/yr - [**South Congress (SoCo)**](/cities/austin/south-congress-soco) — prime tier · $58/sqft/yr - [**Domain**](/cities/austin/domain) — prime tier · $56/sqft/yr ## Top submarkets — Miami - [**Brickell**](/cities/miami/brickell) — trophy tier · $105/sqft/yr - [**Wynwood & Design District**](/cities/miami/wynwood-design-district) — prime tier · $75/sqft/yr - [**Downtown**](/cities/miami/downtown) — prime tier · $72/sqft/yr ## Decision criteria ### Pick by cost Austin is the cheaper Class A market on a USD basis. ### Pick by talent depth Austin has the deeper talent index (84/100 vs 78/100). ### Pick by tax Miami has the lower headline corporate tax (21% vs 22.5%). Local incentives can change the effective rate materially. ### Pick by lease optionality Austin typical term is 10 years with 18 months free; Miami runs 7 years with 9 months free. ### Pick by transit Austin: Capital Metro bus + MetroRail (single Red Line). Project Connect light rail in early planning. Heavy car dependency outside the central core; downtown trophy tenants increasingly emphasize walkable amenity. Miami: Metromover (free downtown), Metrorail to Brickell and Government Center, Brightline regional rail, MIA Mover from Miami International Airport. Brickell and Downtown are walkable; Wynwood and Coral Gables remain car-dependent. ## Run a 4-city comparison Score Austin, Miami and up to two more markets side-by-side on Class A rent, vacancy, talent, corporate tax, and premium flex pricing — all in USD. [**Run a 4-city comparison →**](/tools/city-comparator) ## Frequently asked questions ****Is Class A office cheaper in Austin or Miami?**** : Austin is cheaper on a USD basis: $60/sqft vs $78/sqft. ****Which has better talent depth, Austin or Miami?**** : Austin indexes higher on talent depth (84 vs 78). ****Which has more sublease availability, Austin or Miami?**** : Austin carries higher vacancy (27.8% vs 11.8%) and therefore typically more [sublease](/topics/sublease-strategy)">sublease overhang. ****What lease term should I expect in Austin vs Miami?**** : Austin typical term is 10 years with 18 months rent-free; Miami typical term is 7 years with 9 months rent-free. ****How does transit and commuter access compare?**** : Austin: Capital Metro bus + MetroRail (single Red Line). Project Connect light rail in early planning. Heavy car dependency outside the central core; downtown trophy tenants increasingly emphasize walkable amenity. Miami: Metromover (free downtown), Metrorail to Brickell and Government Center, Brightline regional rail, MIA Mover from Miami International Airport. Brickell and Downtown are walkable; Wynwood and Coral Gables remain car-dependent. ## Editorial provenance Reviewed by [**Miriam Hollander**](/about/authors/miriam-hollander) — Lead market analyst. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) --- Citation: Source: Class A Atlas (https://classa.info/compare/austin-vs-miami), updated 2026-04-15T00:00:00.000Z.