Commercial Real Estate in Miami – Page 13 | Reonomy
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    Commercial Real Estate in Miami – Page 13

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    Miami commercial real estate sold prices and values

    Values and sold prices (last 24 months) United States Florida Miami
    Average price/sqft -- -- --
    Average sold price $934,214 $1,106,761 $3,445,666
    Median sold price $85,387 $89,185 $400,332
    Number of sales 5,652,574 524,747 12,548
    Number of sales over $250k 1,875,645 195,665 7,564
    Number of sales over $1m 499,091 55,529 3,601
    Number of sales over $10m 75,439 8,387 826
    Average total tax amount $5,396 $4,725 $19,473
    Average assessed value $244,766 $246,719 $995,372
    Average market value $333,949 $277,885 $1,096,038

    Miami commercial real estate property averages

    Property averages United States Florida Miami
    Average lot size 888,054 sf 348,795 sf 106,542 sf
    Median lot size 28,492 sf 14,538 sf 8,284 sf
    Average building area -- -- --
    Median building area -- -- --
    Median year built 1971 1982 1965
    Average number of units 16 84 19
    Median number of units 2 2 2

    Miami commercial real estate total supply

    Supply United States Florida Miami
    Number of parcels 164,364,507 2,907,416 96,885
    Aggregate lot acerage 829,741,075 17,670,856 175,594
    Aggregate building area -- -- --
    Aggregate units 95,877,249 38,223,584 742,777

    Miami commercial real estate industrial mortgages

    Debt United States Florida Miami
    Number of mortgages 43,374,117 2,473,107 216,143
    Average value of mortgages $6,681,087 $5,620,467 $5,179,159

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