Commercial Real Estate Market in West Miami, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
3 active listings and 114 off-market properties in West Miami, FL.
Market Trends
West Miami, FL spans 3.1 square miles in Miami-Dade County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in West 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 West 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 West 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 West 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
West Miami, FL has 25,814 residents in 9,665 households. Density runs 8,354 people per square mile. Median household income here is $59,207 and median gross rent $1,730 a month.
25,814
Population
9,665
Households
2.7
Avg Household Size
48
Median Age
28%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
8,354
Density / Sq Mi
$59,207
Median Household Income
$35,051
Median Earnings
$1,730
Median Rent
$440,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sweetwater | $436 (county avg) | — |
| Medley | $436 (county avg) | $22.24 |
| Doral | $436 (county avg) | $30.75 |
Commercial property in West 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 West Miami?
Commercial property in West Miami, FL asks an average of $436 per square foot. The 7 most recent recorded sales traded at a median of $483/SF. Multifamily carries the highest asking price at $429/SF.
How does West Miami compare to nearby markets on price?
West Miami, FL asks $436/SF against $436/SF in Sweetwater, $436/SF in Medley and $436/SF in Doral.
Where does Realmo's West Miami market data come from?
Realmo compiles West Miami, FL figures from 8 recent recorded sales, 2 active sale listings, 1 active lease listings, 114 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 2 active for-sale and 1 active for-lease listings in West 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
