Value drivers for office property in South Florida.
Four variables explain the majority of value variance across office property in Broward, Palm Beach, and Miami-Dade. Comparable-sales analysis is the foundation; these drivers are the layer that separates a defensible number from a misleading average.
Building class (A / B / C)
Class A delivers 2–3x the per-SF basis of Class C in the same submarket.
Parking ratio
South Florida tenants demand 4.0–5.0/1,000 SF for Class A; deficient parking discounts value 8–15%.
Tenant credit and term roll-down
Investment-grade tenants on long-term leases are valued at 75–125 bps tighter cap rates.
Floor plate efficiency
Plates >25,000 SF accommodate larger tenants and command premium pricing.
What owners ask before requesting a office BOV.
- What's my office building worth in 2026?
- How does my building compare to recent Brickell sales?
- Should I sell or hold given the post-pandemic office repricing?
The free BOV memo answers all three by benchmarking the property against recent qualified sales in the same submarket, applying the value drivers above, and laying out three exit paths — Hold, Reposition, and Entitled — with net-to-owner math for each.
Get a free BOV on your office property.
Search any commercial office parcel in Broward, Palm Beach, or Miami-Dade. Justin replies within one business day with a comp-driven memo covering three exit paths.
Other commercial property types covered.
Frequently asked questions about office valuation.
How is office commercial property valued?
Office Buildings are valued primarily on the income approach (capitalized net operating income) and the sales-comparison approach (arms-length comps adjusted for size, vintage, and condition). The office BOV from Mattis Advisors uses recent qualified sales matched on use code and zip, then layers in submarket-specific drivers like building class (a / b / c), parking ratio.
What's the difference between a office BOV and an appraisal?
A formal office commercial appraisal is performed by a state-certified appraiser following USPAP standards, costs $2,500 to $7,500 depending on complexity, and takes 3 to 8 weeks. A Broker Opinion of Value is delivered free in one business day, uses similar comparable-sales methodology, and is widely accepted for strategic decisions like list pricing, refinance support, or 1031 planning. Appraisals are required for lender financing and litigation; BOVs are not.
Which South Florida markets cover office?
Office Buildings BOVs cover every commercial parcel across Broward, Palm Beach, and Miami-Dade — 103,705 properties total. Coverage includes major office submarkets like Brickell, Coral Gables, and Boca Raton.
How accurate is a office BOV?
The office BOV memo derives its indicated value range from arms-length sales matched on use code and zip code since 2020, then adjusts for the value drivers above. It's a defensible starting point but not a substitute for a property walkthrough — physical condition, tenant credit, deferred capex, and lease structure all move the number, and the memo always includes a walkthrough offer to tighten the range materially.