Commercial real estate in South Miami.
Small walkable storefronts, a Metrorail station and University of Miami spillover make South Miami some of the county’s priciest retail ground.
Looking at South Miami space?
Send me the space or the deal — I’ll give you a straight read on South Miami, free, within one business day.
How South Miami actually prices
You can walk the entire commercial core of South Miami in one go, and that is most of the story. Forty recorded sales since 2021 came in at a $628 median, with a $468 to $713 range, and retail and office price almost on top of each other at $653 and $631. That is rare. In most submarkets I work, office trades at a clear discount to retail. Here the buyer pool is the same pool: physicians and small firms who want a hard corner near the Metrorail and are willing to pay for a building people can see from the street. Scarcity of parcels does the rest.
The corridors that matter in South Miami
Sunset Drive between Red Road and US-1 is the Hometown district and the priciest walking retail in the city. Storefronts are small, deep and old, and they lease to operators who want the pedestrian count more than they want square footage. Red Road, which is SW 57th Avenue, does something different. It is a through-route with heavier car traffic and Coral Gables on the far side, so tenants skew toward services and offices rather than browse retail. US-1, the South Dixie corridor, is where the larger floor plates and the Metrorail station sit, and it is the part of the city where redevelopment conversations actually happen. Then there is the medical pocket. The blocks around Larkin Community Hospital on SW 62nd Avenue and South Miami Hospital nearby hold a dense run of medical office, and that space rarely reaches the open market before it is spoken for.
The South Miami constraints nobody mentions
Parking is the deal here. The Hometown district was written to encourage walking, which is lovely on a Saturday and difficult for a restaurant operator, because the parcels are small and most storefronts have no lot of their own. Before I let a client fall in love with a Sunset Drive space, I want to know what the city will count toward the requirement and whether a payment or shared arrangement is available at that address. The answer changes by block. Second problem: the buildings are old and shallow, so venting and electrical service turn into real construction line items rather than cosmetic ones. Sellers here are frequently long-term local owners without pressure to sell, and they will sit rather than cut price. That is not posturing. If you are buying, the win comes from being ready to close quickly, not from a clever number.
South Miami pricing & data
Start with the local numbers, then get a defensible figure for a specific building:
How I help in South Miami
Whatever your side of the deal in South Miami, I work for you — never the landlord. Tenant, buyer, and seller representation across Miami-Dade County.
Explore nearby & up a level
Compiled by Justin Crow, Mattis Advisors — for reference, not an appraisal.
Frequently asked
What does commercial property cost in South Miami?
Across 40 recorded commercial sales since 2021, South Miami has traded roughly between $468 and $713/SF, with a midpoint near $628/SF — though condition, size, and exact location move it a lot. For a specific building, request a free Broker Opinion of Value.
What kind of commercial real estate is in South Miami?
Small walkable storefronts, a Metrorail station and University of Miami spillover make South Miami some of the county’s priciest retail ground.
Do you represent tenants and buyers in South Miami?
Yes — tenant, buyer, and seller representation across South Miami and all of Miami-Dade County, on your side of the deal.
Why do South Miami restaurant deals take longer than expected to open?
Almost always the build-out, not the lease. These are older, narrow storefronts, and adding a hood or upgraded electrical service to a building that never had them is a permit path, not a weekend. I push for a longer rent-free fixturing period and a landlord contribution toward base building work, and I ask the city for a parking determination on that specific address before we commit.
Is space near the Metrorail station worth the premium for offices?
For some tenants, yes. If your staff or clients come from Brickell or the south corridor, being a short walk from the station is a genuine recruiting argument, and it lets you take fewer parking spaces in the lease. If everyone drives in from Kendall, you are paying for an amenity nobody uses. I make clients answer that with their team’s actual home addresses before we tour.