Leading industries shape key trends in Miami's office market

– The banking, finance, insurance & real estate sector has experienced a 9% increase year-over-year in terms of market share, making it the largest tenant industry in the Miami office market.

– The hospitality & leisure sector has increased its share of Miami leasing activity by 10% year-over-year, largely due to a massive lease signed by MSC Cruises for 130,000 square feet, which is also the largest office lease of the year for the market.

– Leasing activity for law firms has slowed throughout 2024, registering a noteworthy 11% decline in leasing share year-over-year.