Commercial Real Estate Market in Miami Gardens, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
120 active listings and 908 off-market properties in Miami Gardens, FL. Commercial property asks $436/SF to buy and $20.08/SF/Yr to lease.
Market Trends
Miami Gardens, FL spans 44.8 square miles in Miami-Dade County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Miami Gardens, 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 Miami Gardens, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Miami Gardens, 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 Miami Gardens, 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
Miami Gardens, FL has 306,160 residents in 109,876 households. Density runs 6,839 people per square mile. Median household income here is $63,602 and median gross rent $1,665 a month.
306,160
Population
109,876
Households
2.8
Avg Household Size
40
Median Age
24%
College-Educated
84%
High-School Grad
44.8 sq mi
ZIP Area
6,839
Density / Sq Mi
$63,602
Median Household Income
$36,020
Median Earnings
$1,665
Median Rent
$344,235
Median Home Value
Tools
Lease vs Buy Breakeven
At $20.08/SF/Yr lease vs $436/SF buy → buying wins if held > 13.4 years.
The comparison uses county-wide sale comps against Miami Gardens asking rents, so the implied 4.6% 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 |
|---|---|---|
| Pembroke Park | $386 (county avg) | — |
| Hallandale Beach | $386 (county avg) | $26.50 |
| Aventura | $436 (county avg) | $55.53 |
Commercial property in Miami Gardens, FL asks $436/SF. The 3 bordering markets run from $386/SF in Pembroke Park to $436/SF in Aventura, and the city sits above their $386/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Miami Gardens?
Commercial property in Miami Gardens, FL asks an average of $436 per square foot. The 5 most recent recorded sales traded at a median of $338/SF, so asking sits 29% above the achieved median. Multifamily carries the highest asking price at $429/SF.
How much does it cost to lease commercial space in Miami Gardens?
Asking lease rates in Miami Gardens, FL average $20.08 per square foot per year.
Is it cheaper to lease or buy commercial space in Miami Gardens?
Buying beats leasing in Miami Gardens, FL if the property is held longer than 13.4 years, comparing $20.08/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 Miami Gardens compare to nearby markets on price?
Miami Gardens, FL asks $436/SF against $386/SF in Pembroke Park, $386/SF in Hallandale Beach and $436/SF in Aventura. Pembroke Park is the cheapest entry point at 12% below Miami Gardens pricing.
Where does Realmo's Miami Gardens market data come from?
Realmo compiles Miami Gardens, FL figures from 6 recent recorded sales, 69 active sale listings, 51 active lease listings, 908 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 69 active for-sale and 51 active for-lease listings in Miami Gardens, 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 · report a data issue
