Commercial Real Estate Market in South Miami, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
20 active listings and 756 off-market properties in South Miami, FL. Commercial property asks $436/SF to buy and $45.75/SF/Yr to lease.
Market Trends
South Miami, FL spans 10.9 square miles in Miami-Dade County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in South 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 South 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 South 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 South 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
South Miami, FL has 51,321 residents in 22,162 households. Density runs 4,710 people per square mile. Median household income here is $94,975 and median gross rent $2,128 a month.
51,321
Population
22,162
Households
2.3
Avg Household Size
37
Median Age
65%
College-Educated
95%
High-School Grad
10.9 sq mi
ZIP Area
4,710
Density / Sq Mi
$94,975
Median Household Income
$49,091
Median Earnings
$2,128
Median Rent
$888,557
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sweetwater | $436 (county avg) | — |
| Pinecrest | $436 (county avg) | — |
| Kendall | $436 (county avg) | — |
Commercial property in South Miami, FL asks $436/SF. The 3 bordering markets run from $436/SF in Sweetwater to $436/SF in Sweetwater, 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 South Miami?
Commercial property in South Miami, FL asks an average of $436 per square foot. The 8 most recent recorded sales traded at a median of $720/SF. Multifamily carries the highest asking price at $429/SF.
How much does it cost to lease commercial space in South Miami?
Asking lease rates in South Miami, FL average $45.75 per square foot per year.
How does South Miami compare to nearby markets on price?
South Miami, FL asks $436/SF against $436/SF in Sweetwater, $436/SF in Pinecrest and $436/SF in Kendall.
Where does Realmo's South Miami market data come from?
Realmo compiles South Miami, FL figures from 8 recent recorded sales, 12 active sale listings, 8 active lease listings, 756 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 12 active for-sale and 8 active for-lease listings in South 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 · How Realmo checks market page data · Report a data issue
