Commercial Real Estate Market in Miramar, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
82 active listings and 1,770 off-market properties in Miramar, FL. Commercial property asks $386/SF to buy and $17.02/SF/Yr to lease.
Market Trends
Miramar, FL spans 49.4 square miles in Broward County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Miramar, FL asks $332/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Miramar, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Miramar, 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 Miramar, FL asks $382/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 60.6%
- Planned_development 16.4%
- Open space 8.1%
- Industrial 7%
- Commercial 3.2%
- Civic 3.1%
- Mixed use 1.2%
Largest Zones share of zoned land by district
Rural
Planned Unit Development
Residential Single Family 5
Residential Single Family 6
Residential Single Family 3
Miramar, FL zones 19,045 acres across 32 districts. Commercial zoning covers 3.2% of zoned land, residential 60.6%, open space 8.1% and industrial 7%. The largest single district is Rural at 17.5%. For commercial buyers the practical constraint is that only 10.2% of land carries a commercial or industrial designation.
Rural (RL)
This district is intended to serve as an area where low density residential development coexists with agricultural and related uses. Clustering of uses and dedication of open space in undeveloped areas are encouraged.
Market overview
Demographics & Economy
Miramar, FL has 252,132 residents in 93,032 households. Density runs 5,101 people per square mile. Median household income here is $84,105 and median gross rent $1,889 a month.
252,132
Population
93,032
Households
2.7
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
49.4 sq mi
ZIP Area
5,101
Density / Sq Mi
$84,105
Median Household Income
$45,305
Median Earnings
$1,889
Median Rent
$400,264
Median Home Value
Tools
Lease vs Buy Breakeven
At $17.02/SF/Yr lease vs $386/SF buy → buying wins if held > 15.4 years.
The comparison uses county-wide sale comps against Miramar asking rents, so the implied 4.4% 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 |
|---|---|---|
| Hollywood | $386 (county avg) | $26.79 |
| Pembroke Pines | $386 (county avg) | $40.56 |
| Davie | $386 (county avg) | $21.08 |
Commercial property in Miramar, FL asks $386/SF. The 3 bordering markets run from $386/SF in Hollywood to $386/SF in Hollywood, and the city sits in line with their $386/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Miramar?
Commercial property in Miramar, FL asks an average of $386 per square foot. The 7 most recent recorded sales traded at a median of $433/SF. Multifamily carries the highest asking price at $382/SF.
How much does it cost to lease commercial space in Miramar?
Asking lease rates in Miramar, FL average $17.02 per square foot per year.
Is it cheaper to lease or buy commercial space in Miramar?
Buying beats leasing in Miramar, FL if the property is held longer than 15.4 years, comparing $17.02/SF/Yr asking rent with $386/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 Miramar compare to nearby markets on price?
Miramar, FL asks $386/SF against $386/SF in Hollywood, $386/SF in Pembroke Pines and $386/SF in Davie.
What zoning applies to commercial property in Miramar?
Miramar, FL zones 19,045 acres across 32 districts, of which 3.2% is commercial and 7% industrial. The largest single district is Rural at 17.5% of zoned land. This district is intended to serve as an area where low density residential development coexists with agricultural and related uses. Clustering of uses and dedication of open space in undeveloped areas are encouraged. Residential zoning covers 60.6% and open space 8.1%.
Where does Realmo's Miramar market data come from?
Realmo compiles Miramar, FL figures from 8 recent recorded sales, 40 active sale listings, 42 active lease listings, 1,770 tracked off-market properties, the current Miramar zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 40 active for-sale and 42 active for-lease listings in Miramar, 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: 19,045 zoned acres across 32 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
