Retail storefronts are the most expensive commercial product per square foot in Miami-Dade County — and the gap is bigger than most owners and tenants expect. Based on 839 recorded arms-length sales of single-story retail buildings since 2022, the countywide median is $618 per square foot, well above the $526/SF blended median across all Miami-Dade commercial asset types.
That $618 figure is the middle of a wide range. The lower quartile of retail storefront sales closed around $359/SF, while the top quartile cleared $1,236/SF — meaning the best-located, best-condition storefronts trade for more than three times what the value end of the market pays for the same square footage.
Retail price per square foot by Miami-Dade city
Median price per square foot for single-story retail storefronts, from recorded sales since 2022:
| City | Median $/SF | Sales |
|---|---|---|
| Key Biscayne | $1220/SF | 13 |
| Aventura | $966/SF | 5 |
| Coral Gables | $953/SF | 33 |
| Miami Beach | $895/SF | 49 |
| South Miami | $713/SF | 9 |
| Sweetwater | $630/SF | 49 |
| Miami | $616/SF | 281 |
| Doral | $565/SF | 29 |
| North Miami Beach | $487/SF | 29 |
| Miami Gardens | $462/SF | 15 |
| Hialeah | $386/SF | 42 |
| Homestead | $299/SF | 20 |
| North Miami | $277/SF | 24 |
Small-footprint, high-frontage retail buildings put a larger share of the purchase price into land value than a warehouse or multi-tenant office building sitting on the same underlying parcel — which is a big part of why retail consistently prices above the county's blended commercial average.
Why retail trades at a premium over office and industrial
Three things push retail price per square foot above other Miami-Dade asset types:
- Land share. A 2,000 SF storefront and a 20,000 SF warehouse can sit on similarly valuable land — the storefront just spreads that land cost over far fewer square feet.
- Frontage and visibility. Corner lots and high-traffic corridors command a premium that shows up directly in the per-square-foot number, not just the total price.
- Owner-user demand. Small retail buildings attract owner-occupant buyers — salons, restaurants, specialty retailers — who compete on total monthly cost rather than pure investment yield, which supports pricing at the smaller end of the size spectrum.
These are market-wide medians, not a valuation. For a specific address, pull comparable sales for that exact frontage, size, and condition — the free price per square foot calculator is a good starting screen, and the market reports hub has the current price index and submarket detail behind these numbers.
What this means if you own or are buying retail in Miami-Dade
If you own a retail storefront, the county's premium pricing means a comparable-sales approach matters more than a blended per-square-foot rule of thumb — the difference between a corner unit on a major corridor and a mid-block unit two doors down can be hundreds of dollars per square foot. If you are considering a sale, that spread is exactly where a broker earns their fee: pricing to the comps that actually match your property, not the county median.
For the full county picture across every asset type, see the Miami-Dade County cost breakdown, or the 2026 South Florida Commercial Real Estate Report for the tri-county view.
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Frequently asked
What is the median price per square foot for retail space in Miami-Dade County?
Based on recorded arms-length sales of single-story retail storefronts since 2022, the median is about $618 per square foot in Miami-Dade County. That sits well above the county's $526/SF blended median across all commercial asset types, reflecting the premium retail frontage commands over office and industrial product.
Why does retail price so much higher per square foot than other Miami-Dade commercial property?
Retail storefronts are typically smaller buildings on higher-value land with street frontage and visibility, so the land component makes up a larger share of the price per square foot than it does for a large-footprint warehouse or office building on the same land value.
How do I find out what my specific retail property is worth?
A city or countywide median is a starting point, not a valuation. Pull comparable sales for your exact address, frontage, and condition, or request a free broker opinion of value for a specific number within one business day.