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Miami office rents hit new highs as landlords sell an experience
The most expensive Miami office space is leasing at $150 to $250 per square foot, but owners are often not measuring whether the promised tenant experience matches daily reality.
Miami office rents in the Miami-Dade market have reached record levels, with top deals clearing $150 per square foot and trophy space pushing above $200, including at least one lease near $250, according to HousingWire.
The story says leasing is increasingly driven by tenants signing leases for how a building will feel once delivered, not just the square footage, since some deals are concluded before prospective tenants can even walk the floors.
It argues that owners should set defined standards and implement continuous measurement and governance, because the “experience delivered” can diverge from what is marketed, and the gap may be hard to spot using traditional metrics like occupancy, rent rolls, work orders, and leasing velocity.
The article adds that experience-led performance matters across property types, citing that multifamily projects can command higher rents and see lower turnover, while condo resale value later can depend on the lived quality of amenities and services.