Commercial Real Estate Market in Bal Harbour, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
4,516 active listings and 31,794 off-market properties in Bal Harbour, FL. Commercial property asks $436/SF to buy and $35.37/SF/Yr to lease.
Market Trends
Bal Harbour, FL spans 1.9 square miles in Miami-Dade County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Bal Harbour, FL asks $40.76/SF/Yr to lease. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Bal Harbour, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial space in Bal Harbour, FL asks $23.35/SF/Yr to lease. Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Multifamily
Multifamily space in Bal Harbour, FL asks $429/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Bal Harbour, FL has 14,792 residents in 10,104 households. Density runs 7,630 people per square mile. Median household income here is $87,806 and median gross rent $2,245 a month.
14,792
Population
10,104
Households
1.5
Avg Household Size
46
Median Age
59%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
7,630
Density / Sq Mi
$87,806
Median Household Income
$53,711
Median Earnings
$2,245
Median Rent
$741,400
Median Home Value
Tools
Lease vs Buy Breakeven
At $35.37/SF/Yr lease vs $436/SF buy → buying wins if held > 2.2 years.
The comparison uses county-wide sale comps against Bal Harbour asking rents, so the implied 8.1% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bal Harbour?
Commercial property in Bal Harbour, FL asks an average of $436 per square foot. The 7 most recent recorded sales traded at a median of $552/SF. Multifamily carries the highest asking price at $429/SF.
How much does it cost to lease commercial space in Bal Harbour?
Asking lease rates in Bal Harbour, FL average $35.37 per square foot per year. Office asks $40.76/SF/Yr as of Q2 26, up from $35.00/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in Bal Harbour?
Buying beats leasing in Bal Harbour, FL if the property is held longer than 2.2 years, comparing $35.37/SF/Yr asking rent with $436/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Bal Harbour market data come from?
Realmo compiles Bal Harbour, FL figures from 7 recent recorded sales, 2,976 active sale listings, 1,540 active lease listings, 31,794 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2,976 active for-sale and 1,540 active for-lease listings in Bal Harbour, FL. 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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.
- 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- 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
