Commercial Real Estate Market in North Bay Village, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
14 active listings and 61 off-market properties in North Bay Village, FL. Commercial property asks $436/SF to buy and $34.71/SF/Yr to lease.
Market Trends
North Bay Village, FL spans 2.3 square miles in Miami-Dade County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in North Bay Village, 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 North Bay Village, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in North Bay Village, 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 North Bay Village, 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
North Bay Village, FL has 35,995 residents in 21,793 households. Density runs 15,582 people per square mile. Median household income here is $64,457 and median gross rent $1,739 a month.
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,582
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in North Bay Village?
Commercial property in North Bay Village, FL asks an average of $436 per square foot. The 5 most recent recorded sales traded at a median of $613/SF. Multifamily carries the highest asking price at $429/SF.
How much does it cost to lease commercial space in North Bay Village?
Asking lease rates in North Bay Village, FL average $34.71 per square foot per year.
Where does Realmo's North Bay Village market data come from?
Realmo compiles North Bay Village, FL figures from 5 recent recorded sales, 10 active sale listings, 4 active lease listings, 61 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 10 active for-sale and 4 active for-lease listings in North Bay Village, 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 · report a data issue
