Market Report · Miami-Dade County

Miami

Leasing activity and current availability in Miami — square footage absorbed, asking rates, and how fast the market is clearing, from the spaces we track every day.

107 spaces leased · 90 days1.3M SF absorbed241 spaces available nowUpdated Sep 14, 2026
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Miami in the last 90 days

Each figure is compared with the 90 days before it. Green means the market moved the way a landlord wants; red the other way.

Spaces leased

107

Previous2
% change+5,250.0%
Trend

SF absorbed

1.3MSF

Previous5k
% change+27,990.0%
Trend

Average asking

$23.26/SF/yr

Previous$23.00
% change+1.1%
Trend

Typical deal

4,971SF

Previous4,000
% change+24.3%
Trend
Market health

How fast is Miami clearing?

Three readings that say whether this is a landlord's or a tenant's market right now. The black tick on each dial marks the previous 90-day period.

Market velocity

Previous period: 0%0%50%

45%

45% of the square footage listed today was absorbed in the last 90 days — the prior period cleared 0%.

Months of supply

Previous period: 1,853036

7

At the current pace, today's inventory would take about 7 months to clear. Under 12 favours landlords; over 24 favours tenants.

Asking-rate spread

Previous period: 102%60%140%

103%

Spaces that left the market were asking 103% of today's average listed rate ($22.50). Under 100% means the cheaper space is moving first.

Leasing activity

Twelve months of absorption

Square footage that came off the market each month, with a three-month trend line. Activity is dated by the market check that found the space gone, so months can cluster around sweeps.

SF absorbed by month

Bars: monthly total · Line: three-month average

0250k500k750k1M1.3M1.5MOct: 0OctNov: 0NovDec: 0DecJan '26: 0Jan '26Feb: 0FebMar: 0MarApr: 0AprMay: 5k5kMayJun: 0JunJul: 1.3M1.3MJulAug: 0AugSep: 0SepOct trend: 0Nov trend: 0Dec trend: 0Jan '26 trend: 0Feb trend: 0Mar trend: 0Apr trend: 0May trend: 2kJun trend: 2kJul trend: 428kAug trend: 426kSep trend: 426k

Spaces leased by month

Count of spaces withdrawn

020406080100120OctNovDecJan '26FebMarAprMayJunJulAugSepSpaces · Oct: 0Spaces · Nov: 0Spaces · Dec: 0Spaces · Jan '26: 0Spaces · Feb: 0Spaces · Mar: 0Spaces · Apr: 0Spaces · May: 2Spaces · Jun: 0Spaces · Jul: 107Spaces · Aug: 0Spaces · Sep: 00

SF absorbed by asset class

Last 90 days

Industrial: 1.3M (100%)Office: 3k (0%)1.3MSF
  • Industrial1.3M · 100%
  • Office3k · 0%

Monthly absorption by asset class

Stacked SF, last twelve months

0250k500k750k1M1.3M1.5MOctNovDecJan '26FebMarApr5kMayJunIndustrial · Jul: 1.3M1.3MJulAugSep
  • Industrial1.3M
  • Office3k
  • Retail0
  • Land0

Deals by size band

Number of spaces, by square footage

32
<2.5k
23
2.5-5k
23
5-10k
19
10-25k
5
25-50k
5
50k+
What's moving

Where the demand is

The submarkets, asset classes and size ranges that cleared the most space in the last 90 days.

By asset class

  1. 1Industrial1.3M SF102 spaces · $22.71
  2. 2Office3k SF5 spaces · $33.40

By size band

  1. 1<2.5k SF32 deals43k SF
  2. 22.5-5k SF23 deals87k SF
  3. 35-10k SF23 deals157k SF
  4. 410-25k SF19 deals266k SF
  5. 525-50k SF5 deals147k SF

Pace

  1. ·Per month36.1 spaces432k SF
  2. ·Removal dates in window1market sweeps
Available now

What's on the market in Miami today

Current availability across the spaces we track, and what it is asking.

Spaces available

241

listed for lease or sale

SF available

2.8MSF

2,847,565 square feet

Average asking

$22.50/SF/yr

196 spaces quote a rate

Largest band

<2.5kSF

most listed size range

SF available by asset class

What's on the market, by volume

Industrial: 2.8M (100%)Office: 9k (0%)Retail: 3k (0%)2.8MSF
  • Industrial2.8M · 100%
  • Office9k · 0%
  • Retail3k · 0%

Average asking by asset class

$/SF/yr across listed spaces

Retail$33.67/SF/yr
Office$31.64/SF/yr
Industrial$21.98/SF/yr

Available spaces by size band

Number of spaces listed, by square footage

72
<2.5k
56
2.5-5k
53
5-10k
29
10-25k
20
25-50k
11
50k+

Absorbed vs available, by asset class

Share of listed SF that cleared in 90 days

Industrial45%
Office30%
Retail0%
Methodology

Where the numbers come from. RE/MAX Industrial Assets maintains its own database of industrial, flex, office and retail space across South Florida and re-checks the market continuously; a space is dated by the check that found it gone, so activity can cluster on sweep dates. A space counts as leased here when it is withdrawn from the market; most are signed leases, some are landlords pulling or re-listing, and we say "leased" rather than "signed" for that reason. Rates are asking rates at the time the space came off the market, not achieved rents. Market velocity is SF absorbed in the window divided by SF listed today; months of supply is SF listed today divided by the window's monthly absorption pace. Figures are aggregates; no individual listing is identified. Not an offer, appraisal or investment advice.

Updated September 14, 2026 · RE/MAX Industrial Assets

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© 2026 RE/MAX Industrial Assets · Market data from the RIA listing database.