Commercial Real Estate Market in Hialeah, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
462 active listings and 5,400 off-market properties in Hialeah, FL. Commercial property asks $436/SF to buy and $20.66/SF/Yr to lease.
Market Trends
Hialeah, FL spans 58.6 square miles in Miami-Dade County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hialeah, 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 Hialeah, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hialeah, 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 Hialeah, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 65.7%
- Commercial 18.3%
- Industrial 14.2%
- Mixed use 1%
- Civic 0.2%
- Open space 0.1%
Largest Zones share of zoned land by district
One Family District
Industrial District
Liberal Retail Commercial District
Business Development District
Multiple Family District
Hialeah, FL zones 10,901 acres across 39 districts. Commercial zoning covers 18.3% of zoned land, residential 65.7%, open space 0.1% and industrial 14.2%. The largest single district is One Family District at 39.3%. For commercial buyers the practical constraint is that only 32.4% of land carries a commercial or industrial designation.
One Family District (R-1)
The purpose of R-1 zone is to provide one family residence, including every customary or accessory use
Market overview
Demographics & Economy
Hialeah, FL has 351,123 residents in 125,234 households. Density runs 5,990 people per square mile. Median household income here is $63,679 and median gross rent $1,698 a month.
351,123
Population
125,234
Households
2.8
Avg Household Size
44
Median Age
25%
College-Educated
80%
High-School Grad
58.6 sq mi
ZIP Area
5,990
Density / Sq Mi
$63,679
Median Household Income
$35,595
Median Earnings
$1,698
Median Rent
$373,951
Median Home Value
Tools
Lease vs Buy Breakeven
At $20.66/SF/Yr lease vs $436/SF buy → buying wins if held > 12.2 years.
The comparison uses county-wide sale comps against Hialeah asking rents, so the implied 4.7% 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.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Miami | $436 (county avg) | $34.69 |
| Miami Springs | $436 (county avg) | $11.90 |
| Hialeah Gardens | $436 (county avg) | — |
Commercial property in Hialeah, FL asks $436/SF. The 3 bordering markets run from $436/SF in Miami to $436/SF in Miami, 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 Hialeah?
Commercial property in Hialeah, FL asks an average of $436 per square foot. The 6 most recent recorded sales traded at a median of $322/SF, so asking sits 35% above the achieved median. Multifamily carries the highest asking price at $429/SF.
How much does it cost to lease commercial space in Hialeah?
Asking lease rates in Hialeah, FL average $20.66 per square foot per year.
Is it cheaper to lease or buy commercial space in Hialeah?
Buying beats leasing in Hialeah, FL if the property is held longer than 12.2 years, comparing $20.66/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.
How does Hialeah compare to nearby markets on price?
Hialeah, FL asks $436/SF against $436/SF in Miami, $436/SF in Miami Springs and $436/SF in Hialeah Gardens.
What zoning applies to commercial property in Hialeah?
Hialeah, FL zones 10,901 acres across 39 districts, of which 18.3% is commercial and 14.2% industrial. The largest single district is One Family District at 39.3% of zoned land. The purpose of R-1 zone is to provide one family residence, including every customary or accessory use Residential zoning covers 65.7% and open space 0.1%.
Where does Realmo's Hialeah market data come from?
Realmo compiles Hialeah, FL figures from 8 recent recorded sales, 268 active sale listings, 194 active lease listings, 5,400 tracked off-market properties, the current Hialeah zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 268 active for-sale and 194 active for-lease listings in Hialeah, 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.
- Zoning and land use
- The current municipal zoning release: 10,901 zoned acres across 39 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
- 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 · report a data issue
