Commercial Real Estate Market in Homestead, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
387 active listings and 2,833 off-market properties in Homestead, FL. Commercial property asks $436/SF to buy and $34.06/SF/Yr to lease.
Market Trends
Homestead, FL spans 1,283.0 square miles in Miami-Dade County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Homestead, 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 Homestead, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Homestead, 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 Homestead, 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
- Planned_development 52.7%
- Commercial 33.1%
- Residential 5.9%
- Civic 5.2%
- Industrial 1.1%
- Mixed use 1.1%
- Open space 0%
Largest Zones share of zoned land by district
Planned Unit Development
Agricultural Use
One Family
Multiple Apartment
Government Property
Planned Unit Development (PUD)
The planned unit development (PUD) zoning district is intended to provide a method by which proposals for unique development projects, which are not provided for or allowed in the zoning districts. The purpose of a planned unit development is to encourage the development of well planned mixed-use communities.
Market overview
Demographics & Economy
Homestead, FL has 209,849 residents in 67,433 households. Density runs 164 people per square mile. Median household income here is $64,038 and median gross rent $1,565 a month.
209,849
Population
67,433
Households
3.1
Avg Household Size
34
Median Age
21%
College-Educated
77%
High-School Grad
1283 sq mi
ZIP Area
164
Density / Sq Mi
$64,038
Median Household Income
$35,808
Median Earnings
$1,565
Median Rent
$363,221
Median Home Value
Tools
Lease vs Buy Breakeven
At $34.06/SF/Yr lease vs $436/SF buy → buying wins if held > 2.4 years.
The comparison uses county-wide sale comps against Homestead asking rents, so the implied 7.8% 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 |
|---|---|---|
| Florida City | $436 (county avg) | $23.47 |
| Cutler Bay | $436 (county avg) | $23.77 |
Commercial property in Homestead, FL asks $436/SF. The 2 bordering markets run from $436/SF in Florida City to $436/SF in Florida City, 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 Homestead?
Commercial property in Homestead, FL asks an average of $436 per square foot. The 6 most recent recorded sales traded at a median of $408/SF, so asking sits 7% above the achieved median. Multifamily carries the highest asking price at $429/SF.
How much does it cost to lease commercial space in Homestead?
Asking lease rates in Homestead, FL average $34.06 per square foot per year.
Is it cheaper to lease or buy commercial space in Homestead?
Buying beats leasing in Homestead, FL if the property is held longer than 2.4 years, comparing $34.06/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 Homestead compare to nearby markets on price?
Homestead, FL asks $436/SF against $436/SF in Florida City and $436/SF in Cutler Bay.
Where does Realmo's Homestead market data come from?
Realmo compiles Homestead, FL figures from 8 recent recorded sales, 337 active sale listings, 50 active lease listings, 2,833 tracked off-market properties, the current Homestead zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 337 active for-sale and 50 active for-lease listings in Homestead, 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: 9,835 zoned acres across 24 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 · How Realmo checks market page data · Report a data issue
