Updated October 2026. Market figures come from CBRE (Q3 2026) and Cushman & Wakefield (Q2 2026), with the source and reporting period shown next to each number.
Miami-Dade is one of the largest and most active industrial markets in the Southeast, shaped by the port, Miami International Airport, and trade ties to Latin America. Here’s what brokerage research reports say about flex space rents and vacancy, the main areas to search, and where to find available space.
Know What You Need Before You Search
Before touring properties, use our free tools to help you compare options and prepare before you sign:
Miami Market Snapshot
CBRE and Cushman & Wakefield both reported Miami-Dade flex asking rents of around $20–$21 per square foot per year in 2026. Both reports show relatively low flex vacancy. Year-to-date flex absorption was negative in both, meaning slightly more flex space was vacated than was absorbed so far in 2026.
| Space Type / Market Measure | Avg. Asking Rate (Per SF/Year) | Vacancy | Notes |
|---|---|---|---|
| R&D/Flex | $20.73 | 4.3% | CBRE, Q3 2026; rent blends net and gross asking rates |
| Office Service/Flex | $20.00 net | 1.9% | Cushman & Wakefield, Q2 2026 |
| Airport West Flex | $18.51 net | — | Cushman & Wakefield, Q2 2026 |
| Airport North/Medley Flex | $19.87 net | — | Cushman & Wakefield, Q2 2026 |
| Overall Industrial Market | $17.79 | 6.9% | CBRE, Q3 2026; industrial context, not flex-specific; rent blends net and gross asking rates |
Sources: CBRE Q3 2026 Miami Industrial Figures · Cushman & Wakefield Q2 2026 Miami MarketBeat
Typical Lease Structure: Varies by property. Cushman & Wakefield reports net asking rents, while CBRE’s figures blend net and gross rates. Confirm what is included in each listing.
💡 Tip: Don’t compare asking rents without checking the rent structure and additional occupancy costs. A lower advertised rate may not mean a lower total monthly payment. Use our Lease Budget Planner to estimate potential rent and other occupancy expenses.
Best Areas for Flex Space in Miami
Miami-Dade has several industrial and flex submarkets, but published flex-specific rent data is not available for every area.
Airport West
Best for: Businesses seeking flex and industrial space near Miami International Airport.
Flex asking rent: $18.51/SF/year, net (Cushman & Wakefield, Q2 2026).
Doral / Airport Corridor
Best for: Import/export, distribution, and businesses that need access to Miami International Airport.
Market context: CBRE reports 7.8% overall industrial vacancy and $19.86/SF/year asking rent for the combined Airport/Doral industrial submarket in Q3 2026. These are industrial figures, not flex-specific rents.
Medley / Airport North
Best for: Small-bay industrial, distribution, and businesses combining office and operational space.
Flex asking rent: $19.87/SF/year, net (Cushman & Wakefield, Q2 2026).
Hialeah / Hialeah Gardens
Best for: Businesses exploring small-bay industrial and operational space.
Market context: CBRE reports 6.1% overall industrial vacancy and $16.62/SF/year asking rent for Hialeah in Q3 2026. These figures are not specific to flex properties.
Miami Lakes
Best for: Businesses comparing industrial locations in northwest Miami-Dade.
Market context: CBRE reports 9.1% overall industrial vacancy and $16.29/SF/year asking rent in Q3 2026. These figures represent the overall industrial market, not flex-specific space.
Opa-locka
Best for: Value-oriented industrial, construction, and aviation-related uses.
Why: Access to SR-826, I-95, and Miami-Opa Locka Executive Airport. The reports used on this page don’t publish flex-specific figures for this area.
Wynwood and Brickell / Downtown (Office-Style Flex)
Best for: Creative flex office, hybrid workspace, and professional services.
Why: Wynwood is known for converted warehouse space popular with creative and tech firms, and Brickell is Miami’s financial district. Space here is mostly office-oriented flex rather than the office-plus-warehouse product covered in the industrial reports above, so those rent figures don’t apply.
Current Market Trends in Miami (2026)
- Flex vacancy remains relatively low: CBRE reported 4.3% vacancy for R&D/Flex in Q3 2026, compared with 6.9% across the overall industrial market.
- Year-to-date flex absorption is negative: Both CBRE’s Q3 report and Cushman & Wakefield’s Q2 report show negative year-to-date flex absorption, despite differences in their flex definitions.
- Rent figures depend on the source: CBRE’s reported asking rents blend net and gross rates, while Cushman & Wakefield reports net asking rents. Compare lease structures carefully before evaluating properties.
With flex vacancy this low, it pays to know your exact footage before you start touring. Estimate your space requirements first so you can move quickly when the right listing comes up.
Where to Search for Available Flex Space in Miami
Flex space in Miami gets listed under several different terms — flex, industrial flex, small-bay industrial, office-warehouse, and warehouse/office — so it’s worth searching more than one category on whichever platform you use.
Why Online Listing Rents May Look Higher
Commercial property websites may show average asking rents that differ substantially from broker-reported market figures. Listing-site averages reflect the properties currently advertised, which may include a higher share of smaller spaces and listings quoting gross rather than net rent.
For that reason, figures shown on LoopNet or CityFeet should not automatically be treated as the average market rent for Miami-Dade flex space. Compare property size, lease structure, included expenses, and location before drawing conclusions from advertised rates.
A few places to start:
- LoopNet — A major commercial property marketplace with flex and industrial listings across the Miami metro.
- Crexi — A large commercial real estate marketplace with searchable and filterable industrial flex listings for Miami by size, rate, and property type.
- CommercialCafe — An industrial and warehouse listings directory for Miami, with properties searchable by lease rate, building size, property class, and submarket.
Listings change constantly, and no single platform captures everything available. Use these sources as a starting point rather than a complete inventory.
Before You Start Searching
- Calculate your space needs — Use the Flex Space Calculator to estimate your required square footage, including office-only or office + warehouse needs.
- Set a lease budget — Use the Lease Budget Planner to estimate your monthly occupancy costs.
- Search multiple terms — Try flex, industrial flex, small-bay industrial, office-warehouse, and warehouse/office on each platform.
- Know what to compare — Look beyond price per square foot at clear height, dock or drive-in doors, office build-out, parking, loading access, and whether the configuration actually fits your business.
Frequently Asked Questions
How much does flex space cost in Miami?
CBRE reported R&D/Flex asking rent of $20.73 per square foot annually in Q3 2026. Cushman & Wakefield reported Office Service/Flex net asking rent of $20.00 per square foot annually in Q2 2026. These figures use different flex definitions and rent bases, so they are useful reference points rather than directly interchangeable prices.
Which Miami areas should I search for flex space?
Airport West and Airport North/Medley have published flex-specific asking-rent figures in Cushman & Wakefield’s Q2 2026 report. Doral, Hialeah, and Miami Lakes also have industrial-market data, but those figures should not be mistaken for flex-specific rents.
How do I estimate my total flex space lease cost?
Start with the space your business needs, then estimate base rent and additional occupancy expenses. Use the Flex Space Calculator to estimate square footage and the Lease Budget Planner to estimate potential monthly and annual costs.
Next Steps
- Design Your Layout — Use the Flex Space Layout Planner to sketch your office, warehouse, and work areas before touring properties.
- Learn the Basics — Read What Is Flex Space? if you’re new to flex space.
- Explore Other Markets — Search our other market guides in the Market Research Hub.
- For Developers & Investors — Explore Building Flex Space: A Guide for Developers and Investors if you’re considering developing or investing in flex space.
Figures are reported asking rents, not achieved rents. whyflexspace.com is not a brokerage and does not list properties.