Two Florida hotspots are the top cities for office investing in 2023, according to a new Crexi analysis.

Miami tops the list with its “robust economy, pro-business government, fantastic quality of life, and ideal geographic location,” Crexi analysts note, with an employment rate that’s ticked up 3.2% and kept office demand “solid and steady.” The city has just under 40 million square feet of inventory and overall asking rents of $47.65 per year. In addition, 3 million square feet of new leases have been signed year-to-date. On Crexi, average asking prices for Miami offices have jumped by 10.7% so far this year, while average occupancy rates have climbed almost 10% compared to 2021 absorption.

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