Commercial Real Estate Market in Miami, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
24 active listings and 336 off-market properties in Miami, AZ.
Market Trends
Miami, AZ spans 77.2 square miles in Gila County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Miami, AZ runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Miami, AZ runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Miami, AZ runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Miami, AZ runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 70.1%
- Industrial 13.7%
- Commercial 12.7%
- Special 0.3%
Largest Zones share of zoned land by district
Single Family Residential
Light Industrial
Commercial
Unknown
Historic District
Miami, AZ zones 587 acres across 5 districts. Commercial zoning covers 12.7% of zoned land, residential 70.1% and industrial 13.7%. The largest single district is Single Family Residential at 70.1%. For commercial buyers the practical constraint is that only 26.3% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
This district is intended to promote and preserve urban single family residential development, the principal land use is a single family dwelling. Uses incidental or accessory to dwellings, recreational, religious and educational facilities are included
Market overview
Demographics & Economy
Miami, AZ has 3,618 residents in 1,674 households. Density runs 47 people per square mile. Median household income here is $45,733 and median gross rent $976 a month.
3,618
Population
1,674
Households
2.2
Avg Household Size
42
Median Age
16%
College-Educated
89%
High-School Grad
77.2 sq mi
ZIP Area
47
Density / Sq Mi
$45,733
Median Household Income
$36,155
Median Earnings
$976
Median Rent
$107,200
Median Home Value
Tools
Nearby Markets
Commercial property in Miami, AZ asks $360/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Miami?
Commercial property in Miami, AZ asks an average of $360 per square foot. The 5 most recent recorded sales traded at a median of $70/SF, so asking sits 415% above the achieved median.
What zoning applies to commercial property in Miami?
Miami, AZ zones 587 acres across 5 districts, of which 12.7% is commercial and 13.7% industrial. The largest single district is Single Family Residential at 70.1% of zoned land. This district is intended to promote and preserve urban single family residential development, the principal land use is a single family dwelling. Uses incidental or accessory to dwellings, recreational, religious and educational facilities are included Residential zoning covers 70.1% and open space 0%.
Where does Realmo's Miami market data come from?
Realmo compiles Miami, AZ figures from 5 recent recorded sales, 24 active sale listings, 336 tracked off-market properties, the current Miami zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 0 active for-lease listings in Miami, AZ. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 587 zoned acres across 5 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level, industrial vacancy is reported at West region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
