What is the median sale price per square foot in Miami-Dade County?

$373 across 1,278 arm’s-length sales. A median mixes property types and ages, so compare the building to similar recorded sales.

How many bank REO transfers appear in Miami-Dade County’s sales data?

44, alongside 1,278 arm’s-length sales. The count shows what was recorded, not what is for sale today.

Who owns commercial property in Miami-Dade County?

77.7% of parcels are held by entities and 10.3% have out-of-state owners. To reach an owner, you may need an entity’s registered agent or a mailing address outside Florida.

How old are Miami-Dade County’s commercial buildings?

The median year built is 1984. Age alone doesn’t set condition, so check the roof, HVAC and electrical systems and their records.

What is the average building area per parcel in Miami-Dade County?

626.7 million SF ÷ 56,871 parcels ≈ 11,019 SF. An average can hide a few very large buildings.

Hypothetical: a 11,000 SF building in Miami priced at the Miami-Dade County median of $373 per SF. What is the price?

11,000 × $373 = $4.10 million. That is arithmetic on a median, not an appraisal or an opinion of value.

Same hypothetical 11,000 SF building, with an assumed 7.5% cap rate. What NOI would $4.10 million need?

$4.10 million × 7.5% = $307,725 a year. The cap rate is an assumption for practice, so check the actual rent roll and expenses.

With $307,725 of NOI, what is the most annual debt service an assumed 1.25 DSCR allows?

$307,725 ÷ 1.25 = $246,180 a year. Lender terms vary, so treat 1.25 as an example.

Year to date in Miami-Dade County, retail has a median of $545 per SF and industrial $320. What is the gap on a 11,000 SF building?

$225 × 11,000 = $2,475,000. A blended median can mislead, so check the property type first.

Miami-Dade County recorded 466 sales year to date through September 2026, against 612 a year earlier. What is the change?

(466 − 612) ÷ 612 = −23.9%. Recent months can still rise as sales get recorded.

South Florida's Gateway · Miami-Dade County

MiamiCommercial Real Estate Broker & Market Guide

Miami is Florida's largest metro economy and the business gateway between the United States and Latin America. Its commercial real estate market runs from the Brickell and Downtown office towers to the airport-area industrial base in Doral and Medley, with deep multifamily, retail and hospitality markets in between.

Marketed by Michael R. Linton, Florida Broker #BK703722 · NCREA · CREIPS · REALTOR® · Serving Miami commercial real estate.

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By the numbers · data as of November 7, 2026

Miami commercial real estate by the numbers

The 2026 final tax roll lists 56,871 commercial and industrial parcels with 626.7 million square feet of buildings in Miami-Dade County. The median sale price is $373 per square foot on 1,278 arm’s-length sales. Year to date through September 2026, the median is $378, +3.0% from the same months a year earlier, on 466 sales.

Figures cover all of Miami-Dade County, which includes Miami.

Commercial and industrial parcels

56,871

2026 final tax roll

Building square feet

626.7M

2026 final tax roll

Arm’s-length sales

1,278

on the roll sales file, excluding hotels

Median $/SF

$373

Miami-Dade County

Miami-Dade County Market Pulse

Asking-side listing data for every Florida county: inventory, days on market, price cuts and listing prices, from Realtor.com® Economic Research. These are listings, not closed sales.

Miami-DadeCounty · details →
Active listings
17,010
down −7.9% YoY
Median days on market
87 days
Listings with price cuts
12.9%
Median listing $/SF
$458
Listing price, YoY
down −1.3%
Median listing price $589K
Market condition
Balanced
vs. Florida statewide^*
Source: Realtor.com® Economic Research, September 2026.

How these figures are calculated

* Market condition. Market condition compares a county's share of active listings with a price reduction and its median days on market with the Florida statewide figures Realtor.com publishes for the same month. Both above the statewide figure: leaning buyer's market. Both below: leaning seller's market. Anything else, including a tie or one missing metric: balanced. Both metrics missing, or no statewide figure for that month: shown as —. This is a read of asking-side listing data only; it is not months of inventory or a measure of closed sales. Florida statewide, September 2026: 20.1% of listings with a price cut, 81 median days on market. Methodology · Data dictionary

Residential. Realtor.com® Economic Research, monthly. Listing counts, days on market and listing prices come from the monthly history; price-cut share and $/SF are stored for the latest month (September 2026) only. Earlier months show the snapshot for that month, not an average. YoY compares a month with the same month a year earlier; for September 2026 it uses Realtor.com's published YoY figures.

Commercial. Florida Department of Revenue tax roll (NAL/SDF) and Florida Department of State (Sunbiz), via LGData; Linton Global calculations. Commercial (DOR 010-039) and industrial (040-049) parcels. Sales and $/SF = arm's-length single-parcel sales (DOR qualification codes 01-02) on the current roll, excluding hotels/motels (DOR 039, which in resort counties includes condo-hotel and vacation-rental units). Areas with fewer than 5 parcels, and $/SF medians from fewer than 5 sales, are suppressed.

The full Miami-Dade County report

Study mode · 11 flash cards

Miami Commercial Real Estate

11 cards from the numbers above. Worked examples are hypothetical.

This market in numbers 5Work the numbers 6

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All 11 flash cards as text

This market in numbers

How much commercial property is in Miami-Dade County?: The 2026 final tax roll lists 56,871 commercial and industrial parcels with 626.7 million square feet of buildings.
What is the median sale price per square foot in Miami-Dade County?: $373 across 1,278 arm’s-length sales. A median mixes property types and ages, so compare the building to similar recorded sales.
How many bank REO transfers appear in Miami-Dade County’s sales data?: 44, alongside 1,278 arm’s-length sales. The count shows what was recorded, not what is for sale today.
Who owns commercial property in Miami-Dade County?: 77.7% of parcels are held by entities and 10.3% have out-of-state owners. To reach an owner, you may need an entity’s registered agent or a mailing address outside Florida.
How old are Miami-Dade County’s commercial buildings?: The median year built is 1984. Age alone doesn’t set condition, so check the roof, HVAC and electrical systems and their records.

Work the numbers

What is the average building area per parcel in Miami-Dade County?: 626.7 million SF ÷ 56,871 parcels ≈ 11,019 SF. An average can hide a few very large buildings.
Hypothetical: a 11,000 SF building in Miami priced at the Miami-Dade County median of $373 per SF. What is the price?: 11,000 × $373 = $4.10 million. That is arithmetic on a median, not an appraisal or an opinion of value.
Same hypothetical 11,000 SF building, with an assumed 7.5% cap rate. What NOI would $4.10 million need?: $4.10 million × 7.5% = $307,725 a year. The cap rate is an assumption for practice, so check the actual rent roll and expenses.
With $307,725 of NOI, what is the most annual debt service an assumed 1.25 DSCR allows?: $307,725 ÷ 1.25 = $246,180 a year. Lender terms vary, so treat 1.25 as an example.
Year to date in Miami-Dade County, retail has a median of $545 per SF and industrial $320. What is the gap on a 11,000 SF building?: $225 × 11,000 = $2,475,000. A blended median can mislead, so check the property type first.
Miami-Dade County recorded 466 sales year to date through September 2026, against 612 a year earlier. What is the change?: (466 − 612) ÷ 612 = −23.9%. Recent months can still rise as sales get recorded.

Source: Florida Department of Revenue tax roll and Florida Department of State, via LGData; Linton Global calculations. Commercial and industrial parcels; sales are arm’s-length, single-parcel transfers, excluding hotels and motels. Medians from fewer than 5 sales are not shown, and a small sample can swing a ZIP median, so read each one with its sales count. * Fewer than 10 sales.

Live market data · refreshed as each source publishes

Miami: key facts for September 2026

In September 2026, the median listing price in Miami-Dade County was $589K, down 1.3% from a year earlier, with 17,010 homes for sale (Realtor.com).
FHFA’s house price index for Miami-Dade County rose 2.8% in 2025.
Investors took out 19.8% of home-purchase mortgages in Miami-Dade County in 2025 (HMDA; cash purchases not included).
Miami-Dade County had 1,276,535 jobs (2025 annual average), up 1.5% from the prior year (BLS QCEW).
The unemployment rate was 1.9% in September 2026 (BLS, not seasonally adjusted).
Permits were issued for 8,775 housing units in January–September 2026, down 19.9% from the same months a year earlier (U.S. Census Bureau).

Open the Miami-Dade County market report →Miami-Dade County data & trends Explore on the Market Map

ZIP code snapshot for Miami

Listing data for September 2026 (Realtor.com) · HUD Fair Market Rent FY2027. *Share of home-purchase mortgages for investment property (2025, HMDA, estimated from census tracts; cash purchases not included). Open any ZIP for its full report.

ZIP	Area	Median list price	vs. last year	Homes for sale	HUD 2BR rent	Investor share*
33125	Miami	$462K	+11.5%	110	$2,470/mo	44.8%	Report →
33127	Miami	$855K	−1.6%	155	$2,060/mo	36.3%	Report →
33128	Miami	$521K	+66.4%	65	$2,120/mo	91.7%	Report →
33129	Miami	$1.20M	+39.4%	219	$3,220/mo	22.9%	Report →
33130	Miami	$617K	−5.8%	546	$2,780/mo	37.2%	Report →
33131	Miami	$771K	−2.7%	852	$3,850/mo	36.2%	Report →
33132	Miami	$627K	−3.4%	823	$3,850/mo	63.6%	Report →
33133	Miami	$2.05M	+12.5%	299	$3,150/mo	14.8%	Report →
33135	Miami	$851K	+17.3%	62	$2,280/mo	45.3%	Report →
33136	Miami	$548K	+44.2%	43	$2,070/mo	60.4%	Report →
33137	Miami	$778K	−6.0%	577	$3,460/mo	45.4%	Report →
33138	Miami	$792K	−8.4%	222	$2,300/mo	24.5%	Report →
33142	Miami	$520K	+6.6%	91	$2,130/mo	29.2%	Report →
33145	Miami	$894K	+15.5%	123	$2,660/mo	24.1%	Report →
33150	Miami	$537K	−2.4%	90	$2,010/mo	24.7%	Report →

Sources: Realtor.com® Economic Research, FHFA, U.S. Bureau of Labor Statistics, U.S. Census Bureau. County-level figures; informational only, not an appraisal.

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Miami: Market Overview

Miami-Dade is the most populous county in Florida. Its economy leans on international trade, banking and finance, tourism, healthcare and logistics, and it draws companies and residents relocating from the Northeast and from Latin America.

Miami International Airport is one of the busiest cargo airports in the country, and PortMiami is a major cruise and container port. Together they support one of the largest industrial and logistics markets in the Southeast, concentrated west of the airport in Doral, Medley and Hialeah.

Miami rewards neighborhood-level thinking. Brickell, Downtown, Wynwood, Coral Gables, Doral and Miami Beach trade like separate markets with different tenants, buyers and lenders. The guides below break the county into those submarkets, each with live tax-roll numbers from LGData.

Economic Drivers

Trade & Logistics

Miami International Airport cargo, PortMiami and the Doral / Medley distribution base

Finance & Banking

Brickell is the largest concentration of international banks and wealth managers in the Southeast

Tourism & Hospitality

Miami Beach, the cruise port, conventions and year-round leisure travel

Healthcare & Education

Jackson Health System, Baptist Health, the University of Miami and Florida International University

In-Migration

Corporate relocations and domestic and international migration feed office, multifamily and retail demand

Connectivity

I-95, the Dolphin and Palmetto expressways, Florida’s Turnpike, Metrorail and Brightline

Asset Class Activity in Miami

Asset Class	Activity	Market Commentary
Industrial / Logistics	Strong	Airport-adjacent distribution and cold storage; little developable land keeps vacancy tight
Multifamily	Strong	Deep renter demand; new towers mean concessions in some urban submarkets
Retail	Strong	Tourist corridors, neighborhood centers and high-street retail behave very differently
Office	Mixed	New Brickell and Wynwood space leases; older suburban and commodity buildings face pressure
Hospitality	Mixed	Strong leisure demand; results depend on location, flag and capital needs
Condominium (commercial angle)	Selective	Post-Surfside reserve and inspection rules are pushing older condo buildings toward terminations and sales

Why Invest in Miami?

Miami offers scale, international capital and demand that does not depend on a single industry. Distress here tends to show up in older office, some hospitality, aging condominium buildings facing new reserve requirements and loans that come due at higher rates. Buyers with a defined buy box and proof of funds are best placed to act.

Frequently Asked Questions

Is Michael R. Linton a licensed commercial real estate broker in Miami?

Yes. Michael R. Linton is a Florida-licensed commercial real estate broker (FL Broker #BK703722) with 39 years of transaction experience, serving Miami and the broader Miami-Dade County market. He holds NCREA (National Commercial Real Estate Advisor), CREIPS (Certified Real Estate Investment Property Specialist), and REALTOR® credentials, and advises investors, owners, and tenants on multifamily, office, industrial, retail, hospitality, land, mixed-use, medical office, self storage, and special-purpose commercial real estate in Miami.

How do I contact a commercial real estate broker in Miami?

Contact Michael R. Linton at Linton Global Solutions — (312) 612-1031 or mike@lintonglobal.com — for a free Miami commercial real estate consultation. Linton Global Solutions serves Miami across all major asset classes and represents both buy-side and sell-side principals, plus 1031 exchange replacement-property sourcing.

Is Miami a good market for commercial real estate investment?

Miami combines population and job growth with international capital and a trade-driven economy. Results depend heavily on submarket and property type, so deal-level underwriting matters more than the headline.

Which Miami submarkets matter most for commercial real estate?

Brickell and Downtown for office and high-rise multifamily, Wynwood and Edgewater for creative office and mixed use, Doral, Medley and Airport West for industrial, Coral Gables for corporate office, and Miami Beach for hospitality and retail.

Where do distressed and REO commercial properties show up in Miami?

Most often in older office buildings, some hotels and retail, and aging condominium buildings facing post-Surfside reserve and inspection costs. They usually reach the market through lender dispositions, note sales and foreclosure auctions run by the Miami-Dade Clerk, and many trade before they are ever listed.

How does Miami compare with Orlando and Tampa?

Miami is larger and more international, with higher prices per square foot and more foreign capital. Orlando leans on tourism, healthcare and simulation; Tampa on finance and its port. Many Florida portfolios hold all three.

Who can help with Miami commercial real estate?

Michael R. Linton, Florida Broker #BK703722, and Linton Global Solutions advise on Miami acquisitions, dispositions, financing and bank-owned (REO) and distressed commercial property. Our Miami-Dade numbers come from LGData, our database of Florida Department of Revenue tax-roll records.