Calculate cap rates and net operating income for commercial properties in Florida. Compare your results against Florida's primary market benchmarks sourced from CBRE H2 2025.
Florida is one of the most active Sun Belt CRE markets. Miami has become a global financial hub attracting international capital. Tampa and Orlando have strong growth fundamentals. No state income tax continues to attract residents and businesses. Cap rates in Miami approach gateway levels. Industrial demand is driven by Port of Miami/Port Everglades activity and e-commerce.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 5.0% | 6.5% |
| Industrial | 5.5% | 7.0% |
| Retail | 5.5% | 7.5% |
| Office | 6.5% | 9.0% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
Florida cap rates range from 5.0–6.5% for multifamily, 5.5–7.0% for industrial, 5.5–7.5% for retail, and 6.5–9.0% for office. Miami approaches gateway market pricing while Tampa, Orlando, and Jacksonville offer more value-add opportunities at higher yields.
Florida's absence of state income tax continues to drive population inflows and corporate relocations from high-tax states (New York, California), directly supporting multifamily and office demand. Miami's financial district has attracted hedge funds, private equity firms, and tech companies in significant numbers since 2020.
Industrial (Port of Miami/Everglades logistics, e-commerce), multifamily (population growth across all major metros), and grocery-anchored retail (essential services serving growing communities) are the strongest performers. Office recovery is underway in Miami CBD and Tampa Bay, while suburban markets show resilience due to corporate relocations.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.