Companies in Miami continue to call employees back to the office

Miami's return-to-office efforts have remained strong, with a 7.4% increase over the past 12 months, even as overall occupancy rates have declined by 90 basis points during the same period.
As more companies transition from flexible hybrid work models to requiring employees to be in the office 4-5 days a week, we’ve seen a notable increase in return-to-office foot traffic in Miami. This is expected to drive occupancy rates higher.
In submarkets like Downtown Miami, Coral Gables, and Airport/Doral, occupancy rates are in the mid-80% range. These areas have also seen a significant rise in return to office foot traffic over the last year, which is likely to boost leasing activity and occupancy levels.

November 1, 2024

US-FL-MIA Miami