Miami Quarterly Market Reports
Aggregated, unfiltered data on commercial absorption and rental rates.
Core Assumptions & Market Data
Transparency in commercial real estate is notoriously poor. Institutional brokerages often release aggregated reports that smooth over the extreme hyper-local variance in Miami-Dade. We compile data by analyzing direct lease executions and recorded deeds, bypassing the 'asking rent' fluff.
In Q3, the narrative is bifurcation. Premium Class A assets in prime submarkets (Brickell, Miami Beach) continue to see rent growth and low vacancy, while aging Class B and C assets in secondary corridors are experiencing negative absorption as tenants upgrade to better space or downsize their footprints entirely.
Common Mistakes
- Relying on county-wide averages. An industrial vacancy rate of 3% county-wide obscures the fact that sub-10,000 SF bays in Hialeah are effectively at 0% vacancy, while large 200,000+ SF distribution boxes have begun to sit empty longer.
- Tracking asking rents instead of taking rents. Landlords are currently holding firm on asking rents but are quietly increasing concessions (months of free rent) to secure deals.
The natural next step is to evaluate your own numbers or consult our primary reporting.