North Miami, FL
Commercial Real Estate Market Trends & Data

$498 Avg asking sale price
$41 Avg asking lease rate
4,791 SF Avg unit lease size
12,953 SF Avg building size for sale
6.07% Average cap rate

North Miami's Demographic Profile

North Miami has 19,888 households and a median income of $46,647, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 57,120
# Households 19,888
Median age 40
Median household income $46,647
Avg household size 3.0
Renter-occupied housing units 11,366
5-year population change -3%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
North Miami $510 2,980 SF 4.71%
Biscayne Park $540 6,480 SF 4.71%
North Miami Beach $432 7,623 SF 8.90%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
North Miami $478 22,532 SF 5.01%
North Miami Beach $489 10,015 SF 8.90%
Miami Shores $494 4,861 SF 5.01%
Nearby Retail Markets Avg Cost/SF Typical Size
North Miami $487 8,164 SF
North Miami Beach $1,122 5,948 SF
Aventura $1,026 4,563 SF
Opa Locka $2,411 10,818 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
North Miami $382 13,626 SF 7.10%
North Miami Beach $269 13,328 SF 8.90%
Opa Locka $209 14,882 SF 7.17%

Commercial Properties For Sale in North Miami

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

12040-12042 W Dixie Hwy

Miami, FL 33161

  • 0.87 AC Lot
  • 1 Commercial Lot
  • $4,000,000
For Sale

Harbor Lofts

Miami Beach, FL 33154

  • 8,230 SF Multifamily
  • $6,250,000
For Sale

610-618 NE 124th St

North Miami, FL 33161

  • 6,480 SF Office Building
  • 4.71% Cap Rate
  • $3,500,000
For Sale

Edgewater Apartments

  • 6.10% Cap Rate
  • $7,120,000
For Sale

Townhouse Manor

Miami, FL 33181

  • 20,150 SF Multifamily
  • 6.17% Cap Rate
  • $7,000,000
For Sale

11970 NE 19th Dr

North Miami, FL 33181

  • 11,094 SF Multifamily
  • $3,900,000

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 North Miami pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
North Miami $498 12,953 SF
Biscayne Park $752 6,480 SF
North Miami Beach $461 11,699 SF
Miami Shores $617 8,376 SF
Bay Harbor Islands $775 8,355 SF

Regional Demographic Comparison

This comparison places North 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 North Miami or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
North Miami 57,120 19,888 40 $46,647 3 11,366 -3%
Biscayne Park 2,777 1,064 44 $78,309 3 317 -5%
North Miami Beach 42,604 15,171 41 $53,592 3 7,909 -2%
Miami Shores 11,311 3,397 38 $129,813 3 478 -2%
Bay Harbor Islands 7,076 3,029 45 $95,397 2 1,485 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in North Miami, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in North Miami

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

North 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 North Miami?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in North 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 North Miami?

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

How does North Miami compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to North 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 North Miami acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in North 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.

Nearby Market Trends