Commercial Real Estate Market in Bay Harbor Islands, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
18 active listings and 129 off-market properties in Bay Harbor Islands, FL.
Market Trends
Bay Harbor Islands, FL spans 1.9 square miles in Miami-Dade County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Bay Harbor Islands, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Bay Harbor Islands, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Bay Harbor Islands, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Bay Harbor Islands, 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
Bay Harbor Islands, 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
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Miami Beach | $436 (county avg) | $27.89 |
| North Bay Village | $436 (county avg) | $34.71 |
| North Miami | $436 (county avg) | $32.50 |
Commercial property in Bay Harbor Islands, FL asks $436/SF. The 3 bordering markets run from $436/SF in North Miami Beach to $436/SF in North Miami Beach, and the city sits in line with their $436/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bay Harbor Islands?
Commercial property in Bay Harbor Islands, FL asks an average of $436 per square foot. The 3 most recent recorded sales traded at a median of $444/SF. Multifamily carries the highest asking price at $429/SF.
How does Bay Harbor Islands compare to nearby markets on price?
Bay Harbor Islands, FL asks $436/SF against $436/SF in North Miami Beach, $436/SF in North Bay Village and $436/SF in North Miami.
Where does Realmo's Bay Harbor Islands market data come from?
Realmo compiles Bay Harbor Islands, FL figures from 3 recent recorded sales, 16 active sale listings, 2 active lease listings, 129 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 16 active for-sale and 2 active for-lease listings in Bay Harbor Islands, 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
- 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
