Florida ends business rent tax: what it means for Miami’s small businesses and what’s next in state politics

As Florida cuts taxes and gears up for major elections, Miami’s small businesses and voters brace for a new era of growth and change

Big changes are coming to Florida’s economic and political landscape — and Miami is right in the middle of it. Starting October 1, 2025, Florida officially eliminated its long-standing business rent tax, a move expected to save companies across the state millions each year. At the same time, the race for the 2026 Florida Senate election is already heating up, setting the stage for one of the most pivotal political seasons in recent years.

A win for small businesses across Miami

The end of the business rent tax — once the only state-level tax of its kind in the U.S. — is being hailed as a victory for entrepreneurs and commercial tenants from Little Havana to Coral Gables.

For decades, Florida businesses have paid an extra percentage on commercial leases, impacting small retailers, restaurants, and startups that rent office or storefront space. Now, that burden is gone.

“Miami’s economy thrives on small business innovation,” says local business advocate Carlos Gonzalez, owner of a Coral Way café. “This change gives us breathing room — more money for staff, marketing, and local growth.”

Economic experts predict the elimination could boost investment and job creation, while critics warn it could strain state revenue. Either way, it marks one of the most significant tax reforms for Florida’s business community in years.

Florida politics heat up ahead of 2026

Meanwhile, attention is turning to the 2026 Florida Senate election, with early positioning already underway among potential candidates. Miami’s growing political influence — shaped by its diverse communities and strong Hispanic voter base — will likely play a central role.

Expect to see more grassroots campaigning and bilingual outreach as candidates try to connect with voters from Westchester to Brickell, focusing on issues like housing, small business recovery, and economic opportunity.

With new tax reforms and a shifting political climate, Miami’s future may look very different by the time ballots are cast.

The end of the business rent tax marks a new chapter for Florida’s economy — one that could strengthen the small businesses that give Miami its heart and hustle.

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