What are median sale prices per square foot in Miami Beach (ZIPs 33139, 33140, 33141)?

ZIP 33139: $1,100 on 24 sales; ZIP 33141: $385 on 6 sales. A median mixes property types and ages, so compare the building to similar recorded sales.

How many bank REO transfers appear in the sales data for Miami Beach (ZIPs 33139, 33140, 33141)?

ZIP 33139: 4, with 24 arm’s-length sales; ZIP 33140: 0, with 3 arm’s-length sales; ZIP 33141: 0, with 6 arm’s-length sales. The count shows what was recorded, not what is for sale today.

Who owns commercial property in Miami Beach (ZIPs 33139, 33140, 33141)?

ZIP 33139: 87.1% held by entities, 24.5% out-of-state owners; ZIP 33140: 79.6% held by entities, 28.7% out-of-state owners; ZIP 33141: 71.3% held by entities, 8.2% 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 commercial buildings in Miami Beach (ZIPs 33139, 33140, 33141)?

Median year built: ZIP 33139: 1969; ZIP 33140: 1992; ZIP 33141: 1953. 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 Beach (ZIPs 33139, 33140, 33141)?

31.9 million SF ÷ 3,498 parcels ≈ 9,125 SF. An average can hide a few very large buildings.

Hypothetical: a 9,000 SF building in Miami Beach priced at the ZIP 33139 median of $1,100 per SF. What is the price?

9,000 × $1,100 = $9.90 million. That is arithmetic on a median, not an appraisal or an opinion of value.

Same hypothetical 9,000 SF building, with an assumed 7.5% cap rate. What NOI would $9.90 million need?

$9.90 million × 7.5% = $742,500 a year. The cap rate is an assumption for practice, so check the actual rent roll and expenses.

With $742,500 of NOI, what is the most annual debt service an assumed 1.25 DSCR allows?

$742,500 ÷ 1.25 = $594,000 a year. Lender terms vary, so treat 1.25 as an example.

ZIP 33139 has a median of $1,100 per SF and ZIP 33141 $385. What is the gap on a 9,000 SF building?

$715 × 9,000 = $6,435,000. ZIP medians can rest on few sales, so check what actually sold.

About how many industrial parcels are in Miami Beach (ZIPs 33139, 33140, 33141)?

ZIP 33139: 0.4% of 2,113 ≈ 8; ZIP 33140: 0.0% of 835 ≈ 0; ZIP 33141: 0.7% of 550 ≈ 4.

Hospitality & Luxury Retail · Miami-Dade County

Miami BeachCommercial Real Estate Broker & Market Guide

Miami Beach is a barrier-island city known worldwide for South Beach, Art Deco hotels and Lincoln Road. Its commercial market is driven by hospitality, high-street retail, restaurants and luxury residential.

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

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By the numbers · data as of November 7, 2026

Miami Beach commercial real estate by the numbers

The 2026 final tax roll lists 3,498 commercial and industrial parcels with 31.9 million square feet of buildings in Miami Beach (ZIPs 33139, 33140, 33141), with 33 arm’s-length sales on the roll. Median sale prices run $385–$1,100 per square foot by ZIP.

Commercial and industrial parcels

3,498

2026 final tax roll

Building square feet

31.9M

2026 final tax roll

Arm’s-length sales

on the roll sales file, excluding hotels

Median $/SF by ZIP

$385–$1,100

ZIP medians, 5+ sales

ZIP	Parcels	Bldg SF	Sales	Median $/SF	Median year built	Out-of-state owners	Bank REO
33139	2,113	20.1M	24	$1,100	1969	24.5%	4
33140	835	9.2M	3	—	1992	28.7%	0
33141	550	2.6M	6	$385*	1953	8.2%	0

For context, Miami-Dade County as a whole has a median of $373 per square foot on 1,278 sales. Year to date through September 2026, the county median is $378, +3.0% from a year earlier.

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 Beach 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 Beach (ZIPs 33139, 33140, 33141)?: The 2026 final tax roll lists 3,498 commercial and industrial parcels with 31.9 million square feet of buildings.
What are median sale prices per square foot in Miami Beach (ZIPs 33139, 33140, 33141)?: ZIP 33139: $1,100 on 24 sales; ZIP 33141: $385 on 6 sales. A median mixes property types and ages, so compare the building to similar recorded sales.
How many bank REO transfers appear in the sales data for Miami Beach (ZIPs 33139, 33140, 33141)?: ZIP 33139: 4, with 24 arm’s-length sales; ZIP 33140: 0, with 3 arm’s-length sales; ZIP 33141: 0, with 6 arm’s-length sales. The count shows what was recorded, not what is for sale today.
Who owns commercial property in Miami Beach (ZIPs 33139, 33140, 33141)?: ZIP 33139: 87.1% held by entities, 24.5% out-of-state owners; ZIP 33140: 79.6% held by entities, 28.7% out-of-state owners; ZIP 33141: 71.3% held by entities, 8.2% 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 commercial buildings in Miami Beach (ZIPs 33139, 33140, 33141)?: Median year built: ZIP 33139: 1969; ZIP 33140: 1992; ZIP 33141: 1953. 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 Beach (ZIPs 33139, 33140, 33141)?: 31.9 million SF ÷ 3,498 parcels ≈ 9,125 SF. An average can hide a few very large buildings.
Hypothetical: a 9,000 SF building in Miami Beach priced at the ZIP 33139 median of $1,100 per SF. What is the price?: 9,000 × $1,100 = $9.90 million. That is arithmetic on a median, not an appraisal or an opinion of value.
Same hypothetical 9,000 SF building, with an assumed 7.5% cap rate. What NOI would $9.90 million need?: $9.90 million × 7.5% = $742,500 a year. The cap rate is an assumption for practice, so check the actual rent roll and expenses.
With $742,500 of NOI, what is the most annual debt service an assumed 1.25 DSCR allows?: $742,500 ÷ 1.25 = $594,000 a year. Lender terms vary, so treat 1.25 as an example.
ZIP 33139 has a median of $1,100 per SF and ZIP 33141 $385. What is the gap on a 9,000 SF building?: $715 × 9,000 = $6,435,000. ZIP medians can rest on few sales, so check what actually sold.
About how many industrial parcels are in Miami Beach (ZIPs 33139, 33140, 33141)?: ZIP 33139: 0.4% of 2,113 ≈ 8; ZIP 33140: 0.0% of 835 ≈ 0; ZIP 33141: 0.7% of 550 ≈ 4.

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 Beach: 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 Beach

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*
33139	Miami Beach	$499K	−1.1%	926	$3,570/mo	31.1%	Report →
33140	Miami Beach	$765K	−7.6%	498	$3,230/mo	33.9%	Report →
33141	Miami Beach	$555K	+1.4%	578	$2,900/mo	45.5%	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.

We're Hiring · Miami-Dade

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Miami Beach: Market Overview

Hotels range from historic Art Deco boutiques in South Beach to large oceanfront resorts in Mid-Beach and North Beach. The Miami Beach Convention Center brings business travel alongside year-round leisure.

Lincoln Road, Collins Avenue and Ocean Drive are the main retail corridors. Retail performance varies sharply by block and season.

Older condominium buildings on the island face higher insurance, reserve and inspection costs under the post-Surfside laws, which is pushing some associations toward sales and redevelopment.

Economic Drivers

Tourism

South Beach, Ocean Drive and year-round leisure travel

Convention Center

Business travel and large events

Lincoln Road & Collins Avenue

High-street retail and dining

Luxury Residential

High-end condo and single-family demand

Asset Class Activity in Miami Beach

Asset Class	Activity	Market Commentary
Hospitality	Strong	Boutique and resort hotels; capital needs vary by building age
Retail	Mixed	Block-by-block; tourist corridors swing with the season
Multifamily	Selective	Older rental and condo buildings facing capital costs
Office	Selective	Small market; boutique office for local firms

Why Invest in Miami Beach?

Miami Beach has global name recognition and irreplaceable locations. Older hotels and condominium buildings that need major capital are where distressed and redevelopment opportunities appear.

Frequently Asked Questions

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

Yes. Michael R. Linton is a Florida-licensed commercial real estate broker (FL Broker #BK703722) with 39 years of transaction experience, serving Miami Beach 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 Beach.

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

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

How do the post-Surfside condo laws affect Miami Beach?

Older condominium buildings must complete structural inspections and fund reserves, which raises costs for owners. Some associations are choosing to sell their buildings to developers.

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

Most often in older hotels and condominium buildings that need major capital, and in retail space with turnover. 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.

Who can help with Miami Beach commercial real estate?

Michael R. Linton, Florida Broker #BK703722, and Linton Global Solutions advise on Miami Beach 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.

Looking at a Deal in Miami Beach?

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