Miami, FL
Commercial Real Estate Market Trends & Data

$652 Avg asking sale price
$387 Avg asking lease rate
15,680 SF Avg unit lease size
14,368 SF Avg building size for sale
6.26% Average cap rate

Miami's Demographic Profile

Miami has 187,870 households and a median income of $52,516, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 443,741
# Households 187,870
Median age 41
Median household income $52,516
Avg household size 2.0
Renter-occupied housing units 136,231
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Miami, FL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Miami $592 13,905 SF 23.61%
Doral $801 27,953 SF 8.00%
Kendall $515 14,210 SF 6.66%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Miami $454 15,152 SF 8.90%
Doral $436 13,476 SF 5.21%
Kendall $374 9,313 SF 8.00%
Medley $360 7,601 SF 7.70%
Nearby Retail Markets Avg Cost/SF Typical Size
Miami $899 8,251 SF
Sweetwater $685 1,742 SF
Doral $661 2,766 SF
Kendall $701 10,650 SF
Medley $1,170 2,726 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Miami $657 14,291 SF 9.45%
Doral $250 34,716 SF 5.37%
Kendall $916 11,237 SF 5.78%
Medley $436 9,397 SF 7.70%
Quail Heights $362 29,166 SF 6.85%

Commercial Properties For Sale in Miami

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Caribbean Shoppes

Miami, FL 33169

  • 25,776 SF Retail Building
  • 7.62% Cap Rate
  • $9,425,000
For Sale

56 Parkwood

Miami, FL 33165

  • 28,581 SF Office Building
  • 6.66% Cap Rate
  • $6,750,000
For Sale

Trophy Retail Portfolio | Chase Anchored

Miami, FL

  • $22,000,000
For Sale

Sunset Station - Suite 100

Miami, FL 33143

  • 56,500 SF Office Building
  • $4,112,000
For Sale

Miami - Blue Lagoon

Miami, FL 33127

  • 7 AC Lot
  • 1 Residential Income Lot
  • Price Upon Request
For Sale

132 Ave-Bird Rd

Miami, FL 33175

  • 6,641 SF Specialty
  • $4,900,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Miami pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Miami $652 14,368 SF
Sweetwater $635 3,420 SF
Doral $527 18,442 SF
Kendall $564 11,764 SF

Multifamily Properties For Sale in Miami

For Sale

Merrick Manor

Coral Gables, FL 33146

  • 286,906 SF Multifamily
  • $1,299,000
For Sale

Allapattah 23

Miami, FL 33142

  • 39,855 SF Multifamily
  • 5.06% Cap Rate
  • $9,500,000
For Sale

SANS SOUCI CONDO

North Miami, FL

  • 4.42% Cap Rate
  • $1,192,226
For Sale

Wynwood NNN Retail Condo Investment

Miami, FL 33127

  • 31,356 SF Multifamily
  • 5.50% Cap Rate
  • $5,521,000
For Sale

Gables Galiano

Coral Gables, FL 33134

  • 45,980 SF Multifamily
  • $20,000,000
For Sale

Audy Apartments

Miami, FL 33137

  • 19,297 SF Multifamily
  • $11,777,000
For Sale

300 Majorca Ave

Coral Gables, FL 33134

  • 36,808 SF Multifamily
  • 4.00% Cap Rate
  • $12,750,000
For Sale

i5 Wynwood Co-Living Multi-Family Building

Miami, FL 33127

  • 103,325 SF Multifamily
  • 6.30% Cap Rate
  • Price Upon Request

Regional Demographic Comparison

This comparison places Miami alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Miami or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Miami 443,741 187,870 41 $52,516 2 136,231 -1%
Sweetwater 17,931 5,789 45 $47,979 3 3,301 -4%
University Park 26,614 7,643 41 $65,648 3 2,945 -2%
Doral 81,780 26,795 37 $78,959 3 15,531 1%
Kendall 75,287 29,186 44 $80,857 3 11,849 -3%

FAQs About Commercial Investing in Miami

View All Commercial Real Estate For Sale in Miami
Is Miami a good market for a first-time commercial real estate investor?

Miami offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Miami?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Miami. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Miami?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Miami. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Miami compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Miami. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Miami acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Miami, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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