Miami sits in Miami-Dade County, one of South Florida’s core commercial markets. Based on 1566 recorded commercial sales since 2022, the median sale price in Miami is about $765 per square foot — 45% above the Miami-Dade County median of $526/SF.
Half of Miami’s commercial sales closed below that figure. Value-oriented product traded closer to $432/SF at the lower quartile, while prime, waterfront, or newly built assets pushed well higher — the median is the middle of a wide range, not a single "market price."
How Miami compares to nearby Miami-Dade cities
Median commercial price per square foot across Miami-Dade County submarkets, from recorded sales since 2022:
| City | Median $/SF | Sales |
|---|---|---|
| Miami Beach | $1309/SF | 581 |
| Aventura | $887/SF | 106 |
| Coral Gables | $847/SF | 248 |
| Miami | $765/SF | 1566 |
| Doral | $508/SF | 553 |
What moves price per square foot in Miami
Price per square foot in Miami swings widely by asset type, submarket, and condition. Retail and multi-story office generally command a premium per foot; warehouse and industrial trade lower; and tenancy, lease terms, and building age move any individual property far from the median. A per-square-foot figure is a screening tool — the real value of a specific property comes from comparable sales for that exact address and asset type.
These are market-wide medians, not a valuation. Pull instant comparable sales on any Miami commercial property and request a free broker opinion of value within one business day — free, and as your rep I'm paid by the other side, not you.
Get a Free Broker Opinion of Value →Price Per SF Calculator →For the full tri-county picture, see the 2026 South Florida Commercial Real Estate Report and the Miami-Dade County cost breakdown. To benchmark a number yourself, use the free price per square foot calculator.
Frequently asked questions
What is the average commercial price per square foot in Miami, FL?
Based on recorded arms-length commercial sales since 2022, the median is about $765 per square foot in Miami — 45% above the Miami-Dade County median of $526/SF. It ranges widely by asset type and condition, from roughly $432/SF for value product to well above the median for prime assets.
How do I find the value of a specific Miami commercial property?
A citywide median is only a starting point. For an accurate figure, pull comparable sales for the specific address, asset type, and condition. You can request a free broker opinion of value and get comps on any Miami commercial property within one business day.