Commercial Real Estate in Miami
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Reonomy attracts a large community of Miami commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.
Miami commercial real estate sold prices and values
|Values and sold prices (last 24 months)||United States||California||Miami|
|Average sold price||$767,291||$2,175,883||--|
|Median sold price||$88,200||$93,361||--|
|Number of sales||4,826,142||331,222||--|
|Number of sales over $250k||1,544,858||144,221||--|
|Number of sales over $1m||397,601||73,244||--|
|Number of sales over $10m||58,743||13,134||--|
|Average total tax amount||$5,395||$10,373||--|
|Average assessed value||$235,964||$888,878||--|
|Average market value||$321,613||$888,892||--|
Miami commercial real estate property averages
|Property averages||United States||California||Miami|
|Average lot size||889,211 sf||766,076 sf||--|
|Median lot size||28,598 sf||15,036 sf||--|
|Average building area||--||--||--|
|Median building area||--||--||--|
|Median year built||1972||1963||--|
|Average number of units||18||13||--|
|Median number of units||2||2||--|
Miami commercial real estate total supply
|Number of parcels||140,082,296||3,152,032||--|
|Aggregate lot acerage||784,164,730||44,722,012||--|
|Aggregate building area||--||--||--|
Miami commercial real estate industrial mortgages
|Number of mortgages||42,096,806||6,243,362||--|
|Average value of mortgages||$6,223,903||$5,627,995||--|