Miami-Fort Lauderdale, FL CAM Reconciliation Guide
Vacancy rates, property tax system, operating expense benchmarks, and market-specific CAM billing considerations for Miami-Fort Lauderdale, FL commercial landlords.
Current Vacancy Rates
Source: CBRE/JLL Q4 2025 Market Reports
Average CAM per Square Foot
Property Tax System
Miami-Dade County Property Appraiser / Broward County Property Appraiser
File petition with Value Adjustment Board (VAB) by September 15 (or 25 days after TRIM notice). Magistrate hearing; can appeal to circuit court.
~1.8-2.2% effective rate (no state income tax, Save Our Homes does not apply to commercial)
Key Submarkets
CAM Billing Considerations
- Hurricane/windstorm insurance is the single largest variable CAM expense
- Citizens Insurance assessments can create surprise CAM charges
- International tenant base creates unique lease structure complexity
- Flood insurance requirements (NFIP and private) add CAM layers
- Rapid condo-to-office conversion market complicates comparables
BOMA Fort Lauderdale / BOMA Miami
Market Context
Miami's insurance costs dominate CAM reconciliation. Hurricane and flood insurance premiums can swing 20-40% year-over-year, making accurate pass-through allocation critical. One of the tighter office markets due to inbound corporate migration.
Related Resources
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