Commercial Real Estate Market in North Miami, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
97 active listings and 854 off-market properties in North Miami, FL. Commercial property asks $436/SF to buy and $32.50/SF/Yr to lease.
Market Trends
North Miami, FL spans 16.3 square miles in Miami-Dade County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in North Miami, 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 Miami, 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 Miami, 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 Miami, 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 Miami, FL has 117,827 residents in 42,052 households. Density runs 7,209 people per square mile. Median household income here is $56,874 and median gross rent $1,517 a month.
117,827
Population
42,052
Households
2.8
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
16.3 sq mi
ZIP Area
7,209
Density / Sq Mi
$56,874
Median Household Income
$34,428
Median Earnings
$1,517
Median Rent
$349,916
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in North Miami?
Commercial property in North Miami, FL asks an average of $436 per square foot. The 8 most recent recorded sales traded at a median of $326/SF, so asking sits 34% above the achieved median. Multifamily carries the highest asking price at $429/SF.
How much does it cost to lease commercial space in North Miami?
Asking lease rates in North Miami, FL average $32.50 per square foot per year.
Where does Realmo's North Miami market data come from?
Realmo compiles North Miami, FL figures from 8 recent recorded sales, 61 active sale listings, 36 active lease listings, 854 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 61 active for-sale and 36 active for-lease listings in North Miami, 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
