Miami-Dade CRE Sales Climb To $3.4 Billion In 1st Half Of 2025

Commercial real estate investment in Miami-Dade County is booming, with sales volumes surging across all major property types in the first half of 2025. According to Avison Young’s latest U.S. investment sales report, the region recorded $3.4 billion in transactions from January through June—ranking first in Florida and ninth nationwide.

Retail properties led the pack, accounting for $937 million—or 28%—of the total sales. Multifamily wasn’t far behind, with $905 million in sales, representing 26% of the total. Office properties saw the largest year-over-year increase, jumping 54.7%, while industrial sales grew by 26.4%.

If this momentum holds, Miami-Dade is on track to surpass last year’s investment totals, marking its third consecutive year of growth.

Michael Fay, managing director and principal of Avison Young’s Miami office, attributes the upswing to easing inflation, more stable interest rates, and Florida’s ongoing population and business growth.

“We’re back in a growth mode,” Fay said. “Activity is up, and I believe that will continue—it’s only going to get better.”

Still, not all sectors are thriving. Shopping malls and condominiums remain under pressure. Fay noted that post-Surfside safety legislation for condos has significantly increased ownership costs, dampening that segment’s sales performance.

Overall, the outlook remains strong for Miami-Dade’s commercial real estate market as favorable economic conditions and investor interest continue to fuel the surge.