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2,988 Commercial Real Estate Listings in Miami, FL

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Miami, FL Commercial Real Estate

There are currently 2,924 commercial listings available in Miami, FL. These listings include 927 commercial spaces that encompass a total of 7,972,751 square feet. Available commercial spaces in Miami, FL range in size from 1 square feet to 1,500,000 square feet. A total of 2,490 off-market commercial properties located in Miami, FL are also available for research.

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Miami, FL Commercial Real Estate Market Overview

Location Photo

Ranked as an Alpha-tier world city by the Globalization and World Cities Study Group & Network, Miami is a major international center of finance and commerce. The city’s status as a major economic center is further cemented by the fact that the Port of Miami is not only a major cargo hub, but also the world’s largest passenger port.

The Miami commercial real estate market encompasses multiple portfolio properties. Specifically, more than two-thirds of the city’s office properties are rated A or A+, and most of these high-tier properties are concentrated in areas like downtown and South Miami. Other neighborhoods, such as North Miami, present opportunities for more affordable office properties that still benefit from the great weather.

Miami, FL Commercial Inventory Breakdown

In 2022 the Miami, FL commercial real estate market totaled 63,351,631 square feet of office spaces, 35,024,977 square feet of office spaces with retail, and 24,954,224 square feet of industrial space.

Office Spaces

Total: 63,351,631 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 8,751,799 SqFt 13.81% of total office
100k to 500k SqFt 29,141,263 SqFt 46% of total office
500k to 1M SqFt 14,246,307 SqFt 22.49% of total office
> 1M SqFt 11,212,262 SqFt 17.7% of total office
By class:
Class A+ 10,315,882 SqFt 16.28% of total office
Class A 22,548,695 SqFt 35.59% of total office
Class B 11,657,182 SqFt 18.4% of total office
Class C 893,861 SqFt 1.41% of total office
Roughly 22.49% of the total office space in Miami, FL is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 13.81% of the office inventory.

Class A office space holds a 35.59% share of the overall Miami, FL office market, while Class B office assets make up approximately 18.4%.

Industrial

Total: 24,954,224 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 8,404,025 SqFt 33.68% of total industrial
100k to 500k SqFt 15,018,331 SqFt 60.18% of total industrial
500k to 1M SqFt 1,531,868 SqFt 6.14% of total industrial
By class:
Class A 2,697,337 SqFt 10.81% of total industrial
Class B 16,641,268 SqFt 66.69% of total industrial
Class C 5,549,043 SqFt 22.24% of total industrial
There are 15,018,331 square feet of commercial real estate properties between 100k to 500k square feet, representing 60.18% of the Miami, FL industrial inventory. Class A assets total 2,697,337 square feet of industrial space, with an additional 16,641,268 square feet of Class B and 5,549,043 square feet of Class C properties.

Office Spaces with Retail

Total: 35,024,977 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 9,487,316 SqFt 27.09% of total office with retail
100k to 500k SqFt 17,773,077 SqFt 50.74% of total office with retail
500k to 1M SqFt 5,274,170 SqFt 15.06% of total office with retail
> 1M SqFt 2,490,414 SqFt 7.11% of total office with retail

Miami, FL Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Miami, FL Office 195 5,619,763
Miami, FL Retail 174 1,639,439
Miami, FL Industrial 35 303,459
Miami, FL Other 567 8,091,659
Ofice Icon

195

Office

Industrial Icon

35

Industrial

Retail Icon

174

Retail

Current local active listing encompass 15,654,320 square feet of commercial space for lease in Miami. There are 195 active office listings, which amount to 5,619,763 square feet and account for 20% of commercial spaces on the market. Local retail availability includes 1,639,439 square feet across 174 listings. Current industrial offerings on the market amount to 303,459 square feet across a total of 35.

Employment in Miami, FL

Employed Population 248,592

Employed population - Industry % Distribution

Management, business, science, and arts occupations

35%

Service occupations

24%

Sales and office occupations

22%

Natural resources, construction, and maintenance occupations

11%

Production, transportation, and material moving occupations

9%

In 2020, roughly 35% of a total of 248,592 employed in Miami worked in Management, business, science, and arts occupations, followed by 24% in Service occupations and 22% in Sales and office occupations.

Income per capita $30,934  Median household income $42,966

Household income

55%

Under $50k

25%

$50k - $100k

14%

$100k - $200k

6%

Over $200k

The median household income in Miami stands at $42,966, with per capita income at $30,934. Households earning between $50k and $100k represent 25% of the total, while those earning over $200k make up 6%. Approximately 55% of Miami households earn less than $50k per year.

Commuting in Miami, FL

Mean travel time to work 28 minutes

Means of transportation to work

68.20%

Driving alone

8.00%

Carpool

7.90%

Public transit

0.50%

Bicycle

4.80%

Walking

4.60%

Other

6.10%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Miami in 2020 was 28 minutes. Around 68.20% of workers commute by Driving alone, 8.00% Carpool and 7.90% by Public transit.

Education in Miami, FL

High school grad or higher 78%

Bachelor's degree or higher 31%

Population by minimum level of education

22%

No degree

26%

High school

20%

Some College

19%

Bachelor's

12%

Post-grad

*Universe: Workers 25 and over

An estimated 78% of Miami residents aged 25 or over hold a high school degree or higher. Of those, 26% are high school graduates, 20% attended some college, 19% earned a bachelor's degree, with an additional 12% holding post-graduate degrees.

Miami, FL Demographics

As of 2020, Miami had a total population of 467,968, with a median age of 40.70 years. Roughly 67.60% of the total population was between the ages of 16 and 64 years old.

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