Office leases don't read like retail or industrial leases
Every commercial asset class has its own negotiation levers. For office tenants in South Florida, the terms that matter most are rarely the ones a landlord broker leads with. Base rent is visible. What gets buried is tenant improvement allowance structure, operating expense escalation caps, after-hours HVAC charges, parking ratios, sublet and assignment rights, expansion and contraction options, and the personal guaranty.
Most office tenants focus on the rent number and sign a landlord form lease. That's where the deal is lost. Over a five-to-ten year term, the hidden terms frequently outweigh the rent negotiation itself — sometimes by six figures for a 5,000 SF tenant.
What Justin negotiates on office deals
Base rent and escalation
Comp analysis from CoStar and active deal data — not just asking rent. Escalations are typically 3% annually in South Florida office, but landlords in softening submarkets will accept CPI-capped or flat-for-year-one structures with the right leverage.
Tenant improvement allowance (TI)
For Class A office in South Florida, TI currently ranges from $40 to $75 per rentable square foot depending on condition, term length, and landlord motivation. Justin benchmarks against comparable active deals in your submarket and negotiates TI as a capital commitment, not a rent concession. For more on how TI is structured and what to watch for, see our TI allowance guide.
Free rent and delivery condition
Rent abatement periods on office space range from 3 to 9 months depending on term and landlord position. Justin stacks rent abatement on top of TI, rather than letting the landlord force a trade-off. Delivery condition — exactly what the landlord delivers versus what you build — is a separate negotiation that often gets overlooked.
Operating expenses and pass-throughs
Base year structures, gross-ups, caps on controllable operating expenses, and exclusions for capital improvements. In a full-service gross lease, this is where 3-5% annual hidden escalation happens without a clean OpEx negotiation.
Expansion, contraction, and termination rights
Right of first refusal on adjacent space. Early termination options (typical: after year 3, with a fee). Contraction rights if your space need shrinks. These cost nothing to the landlord at signing but add real optionality to your business.
Personal guaranty structure
Most landlords demand a full personal guaranty. For tenants with stable financials, a good guy guaranty, a rolling year burn-off, or a capped-dollar guaranty is almost always negotiable. See our full breakdown on negotiating personal guaranties down.
South Florida office submarkets Justin covers
Downtown Miami & Brickell
Class A · Financial · Legal
Premium Class A trophy towers. Professional services, financial, and legal tenants. High rates ($65–$95/SF full-service gross on trophy product).
Downtown Fort Lauderdale & Las Olas
Class A & B · Mixed Tenants
Las Olas corridor, Flagler Village, downtown core. Good mix of Class A and B/C product. Rates $38–$68/SF full-service gross.
Boca Raton Corporate
Suburban · Professional
Yamato Corridor, Boca Corporate Center, Glades Road. Financial services, tech, and professional firms. Rates $32–$55/SF full-service gross.
Coral Gables & Aventura
Class A · Latin American Business
Alhambra, Miracle Mile, Aventura Corporate Center. Strong Latin American business presence, international tenants, bilingual demand.
Downtown West Palm Beach
Class A · Financial · Family Office
Clematis, CityPlace, downtown core. Heavy family office and alternative investment migration post-2020. Rates pushing $50–$75/SF FSG on new product.
Doral & Airport West
Flex Office · Corporate HQ
Near MIA airport. Corporate regional HQs, logistics and trade businesses, professional services. Rates $32–$48/SF full-service gross.
Common mistakes office tenants make
- Touring before engaging a broker. Once you've walked in the door with a listing agent, that agent claims procuring cause. Your negotiating position drops immediately.
- Signing the landlord form lease without material redlines. Landlord forms are written for landlord protection. Every paragraph is negotiable, and every unchallenged paragraph is free money to the landlord.
- Not engaging early on renewals. If you're inside 12 months of lease expiration with no options, the landlord knows. Engage 12–18 months ahead.
- Accepting the first TI number. Landlord starting TI offers are always low. Comparable-deal evidence is the only way to get to market.
- Focusing only on rent. A $2/SF rent reduction is a rounding error compared to 6 months of free rent, a $40/SF TI increase, or a termination option.
Free lease review for current office tenants
Already in a lease? Send Justin your current terms — he'll tell you if there's mid-term renegotiation leverage or what to prep for at renewal.
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