Quarterly report · Q2 2026
A visual snapshot of the Miami-Dade and Broward markets in Q2 2026: residential (April to June), commercial and development. Retrospective edition prepared in October 2026.
Real data · sources citedResidential
Single-family median price
By month of the quarter
Single-family closed sales
By month of the quarter
Median sale price: June vs a year earlier
By county and property type
Closed sales: June vs a year earlier
By county and property type
Months of inventory, June 2026
Above 6 months usually favors buyers
30-year fixed mortgage rate
Freddie Mac weekly average. From April 16; the first two weeks of April were not found.
Commercial
Vacancy by source
Each bar is a different source; they are not averaged because they measure different universes.
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 | 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
Pipeline indicators
What is under construction or recently delivered, by sector
| Sector | Indicator | Value | Source | Period |
|---|---|---|---|---|
| Office · MD | Delivered in the quarter | 93,716 sq ft | Newmark | Q2 2026 |
| Industrial · MD | Delivered, year to date | 873,205 sq ft | Newmark | Q2 2026 |
| Industrial · MD | Under construction | 2.8M sq ft | Newmark (15.6% preleased) | Q2 2026 |
| Retail · MD | Under construction | 1.3M sq ft | Colliers | Q2 2026 |
| Industrial · BR | Expected to deliver by year-end | 876,028 sq ft | Newmark | Q2 2026 |
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, Berger Commercial and Agora RE (commercial and pipeline). Mortgage rates are shown from April 16; the first two weeks of April were not found. Commercial sources use different methodologies, so all are shown rather than an average. Retrospective edition prepared in October 2026. Informational purposes only; not investment advice.
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