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Miami’s medical office market shows signs of stability as fundamentals improve

Vacancy rate retreats as leasing activity rebounds, net absorption turns positive for the first time since 2023
By Chris Montgomery
CoStar Analytics
November 12, 2025 | 3:05 P.M.

Miami’s medical office market showed signs of stability and renewed momentum in the third quarter of 2025, marking a potential turning point after several quarters of sluggish performance.

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News | Miami’s medical office market shows signs of stability as fundamentals improve