Leasing activity for the fourth quarter in Miami's office sector has dropped 24 percent year-over-year to 3.7 million square feet, a report from Avison Young finds.

Also, absorption hit negative territory at -51,370 square feet. That comes despite strong demand earlier in the year; in the second quarter, nearly +200,000 square feet of space was absorbed.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Miami
National
Office
Southeast