Commercial Real Estate Report - Miami, FL [Apartment]

Property Type

View market and submarket information on Apartment space in Miami, Florida. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in Miami, Florida.

Boundaries

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Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Miami, FL - Entire Metro
Submarkets
Hialeah -120 bps
North Dade -50 bps
N Miami/Bayshore -40 bps
South Beach -40 bps
Miami -30 bps
Miami Lakes -30 bps
Kendall West -10 bps
S Dade/Homestead -10 bps
North Miami Beach 0 bps
Kendall Lakes 0 bps
Airport West 50 bps
Opa-Locka 110 bps
Kendall East 140 bps

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean 6.8% 7.2% 7.7% 8.2%
Median 6.5% 6.6% 7.1% 7.9%
12 Month Rolling 7.1% 7.6% 8.3% 8.6%

Commercial Real Estate News

Headline Date
 

Recent Rent Observations

Location ID Class Rent
South Beach 48514 BC $1,103
North Miami Beach 20082 A $1,460
South Beach 23600 BC $1,092
Miami 71992 A $475
Opa-Locka A6744 BC $730
Kendall East 72184 A $2,709
Kendall East 28873 BC $1,332
Airport West A6926 BC $975
Kendall East 74935 A $1,910
Kendall East A6753 BC $1,029

Change From Previous Quarter

Market Rent Vac Inv
Miami 0.1% -10 bps 0.0%
South Atlantic Region 0.2% -10 bps 0.0%
United States 0.2% -10 bps 0.0%

Metro vs. Region -0.1% 0 bps 0.0%
Metro vs. US -0.1% 0 bps 0.0%

Latest New Construction Updates

National Apartment Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Apartment Rankings (Q1 2013)

Based on 275 U.S. Markets
Value:
98. Sacramento, CA 3.7%
99. San Bernardino/Riverside, CA 3.7%
100. Wilmington, DE 3.7%
101. Boise, ID 3.8%
102. Fort Pierce, FL 3.8%
103. Miami, FL 3.8%
104. Naples, FL 3.8%
105. Raleigh-Durham, NC 3.8%
106. Salt Lake City, UT 3.8%
107. Seattle, WA 3.8%
108. Waco, TX 3.8%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Miami 0.7% 409 bps 1.0%
South Atlantic Region 1.2% 553 bps 0.9%
United States 0.9% 485 bps 1.0%

Metro vs. Region -0.5% -144 bps 0.1%
Metro vs. US -0.2% -76 bps -0.0%