Miami’s Real Estate Market in 2025: A New Era of Growth

Miami is once again making national headlines for its real estate momentum. According to CBRE’s 2025 U.S. Investor Intentions Survey, Miami has been ranked as the second most attractive market for commercial real estate investment in the United States—marking two consecutive years of high investor confidence. With a wave of major projects, strategic leases, and resilient fundamentals, Miami’s skyline and economy are continuing to evolve in dynamic ways.

Miami remains a magnet for commercial real estate investors, especially those focused on gateway cities with growth potential.Key highlights include:

• 70% of investors plan to increase acquisitions in 2025.

• Multifamily and industrial sectors continue to lead, while interest in retail and office assets is rising compared to 2024.

• Value-add and core-plus strategies dominate investment approaches, balancing moderate risk with high-return potential.

This strategic optimism is driven by Miami’s strong fundamentals, favorable pricing, and Sun Belt market growth.

Miami’s office market is experiencing renewed vitality:

• Office investment volume reached $878 million in 2024, a 29% increase year-over-year.

• Class A office rents climbed 6.6% to an average of $61.49 per square foot, reflecting sustained tenant demand for premium spaces.

• Though vacancy rates rose slightly to 15.1%, new deliveries like Wynwood Plaza are setting the stage for quick absorption as tenants seek modern, amenity-rich environments.

  
  

Notably, Amazon signed a record-breaking lease at Wynwood Plaza, signaling strong corporate interest in Miami’s evolving office landscape.

Several transformative projects are actively reshaping the city:

• Little River District: A $3 billion redevelopment effort bringing affordable and mixed-use housing to underserved areas.

• Midtown Park Residences: A $2 billion luxury residential and mixed-use community by Proper Hospitality and Midtown Development.

• 38 West Eleventh Residences: A 44-story, 659-unit luxury tower in Park West with $215 million secured in construction financing.

These projects showcase Miami’s dynamic mix of affordable, workforce, and ultra-luxury housing strategies.

Emerging Trends in Miami’s CRE Sector

• Shift Toward Smaller Deals: Investors are increasingly targeting mid-sized assets rather than massive trophy properties.

• Data Center Expansion: Related Companies announced an $8 billion commitment to developing digital infrastructure, positioning Miami for future tech sector growth.

• Retail Evolution: Malls and retail centers are repositioning as experiential hubs as large tenants like Forever 21 exit traditional spaces.

• Port Activity Recovery: Container traffic at North American ports, including Miami, rose 11.2% in 2024, fueling industrial demand.

South Florida’s overall resilience, especially in multifamily and industrial sectors, continues to outperform broader national trends.

Miami’s real estate story in 2025 is one of transformation, innovation, and resilience. Whether it's luxury condos rising in Midtown, affordable housing reshaping Little River, or global companies expanding their footprint, the Magic City is positioning itself for a future built on smart growth and bold ambition.For investors, developers, and residents alike, Miami isn’t just a market—it’s a movement.