Quarterly report · Q3 2026
A visual snapshot of the Miami-Dade and Broward markets: residential, commercial and development. Q3 2026 is partial: residential data runs through August, commercial through Q2 (Savills office through Q3) and mortgage rates through October 1.
Real data · sources citedResidential
Median house price in Miami-Dade
Single-family homes, by month of 2026
Closed sales in Miami-Dade
Existing houses and condos, by month of 2026
Median sale price: August vs a year earlier
By county and property type
Closed sales: August vs a year earlier
By county and property type
Months of inventory, August 2026
Above 6 months usually favors buyers
30-year fixed mortgage rate
Freddie Mac weekly average, Q3 2026
Commercial
Vacancy by source
Each bar is a different source; they are not averaged because they measure different universes. (avail.) = availability, not vacancy.
Commercial detail
Vacancy, asking rent and the source of each figure
| Segment | County | Source | Period | Metric | Value | Asking rent ($/sq ft/yr) | Rent basis |
|---|---|---|---|---|---|---|---|
| Office | Miami-Dade | Newmark | Q2 2026 | Vacancy | 14.4% | $63.63 | Full-service |
| Office | Miami-Dade | Savills | Q3 2026 | Availability | 14.6% | $68.50 | Asking |
| Office | Broward | Newmark | Q2 2026 | Vacancy | 15.3% | — | — |
| Office | Broward | Berger | Q2 2026 | Vacancy | 10.2% | $42.34 | Asking |
| Industrial | Miami-Dade | Newmark | Q2 2026 | Vacancy | 6.4% | — | — |
| Industrial | Miami-Dade | Agora RE | Q2 2026 | Vacancy | 8.0% | — | — |
| Industrial | Broward | Colliers | Q2 2026 | Vacancy | 7.3% | $17.60 | NNN |
| Industrial | Broward | Newmark | Q2 2026 | Vacancy | 5.9% | — | — |
| Retail | Miami-Dade | Colliers | Q2 2026 | Vacancy | 3.0% | $42.50 | Asking |
| Retail | Broward | Colliers | Q2 2026 | Vacancy | 4.3% | $27.67 | Asking |
Development
Towers under construction · Miami-Dade
Units per project
Project detail
Floors, units and estimated delivery
| Project | Area | Floors | Units | Delivery |
|---|---|---|---|---|
| Cipriani Residences | Brickell | 80 | 397 | 2027 |
| Waldorf Astoria Residences | Downtown | 100 | 387 | Q2 2028 |
| Baccarat Residences | Brickell | 75 | 360 | 2028 |
| Bentley Residences | Sunny Isles | 63 | 216 | 2028 |
| 1428 Brickell | Brickell | 70 | 189 | 2028 |
| Regis Residences Brickell | Brickell | 50 | 152 | Q4 2027 |
| Cora Merrick Park | Coral Gables | 12 | 74 | 2028 |
| Villa Miami | Edgewater | 56 | 70 | 2027 |
Questions about the market?
Talk to our team about residential, commercial and new developments in South Florida.
Contact usSources: MIAMI REALTORS + RWorld and Florida Realtors (residential); Freddie Mac PMMS (mortgage rates); Newmark, Colliers, Savills, Berger Commercial and Agora RE (commercial); LuxuryDade (towers and pipeline). Commercial sources use different methodologies (vacancy vs availability, building universe), so all are shown rather than an average. The Aug 2025 Miami-Dade condo median was calculated from the published change. Waldorf Astoria: units and delivery date differ by source. The Broward pipeline is not included: there is no equivalent verifiable source. Informational purposes only; not investment advice.
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