Jan 13, 2021 - 0 Comments - Trends -

Chart: Miami Commercial Real Estate Sales to List Price Ratio Ends Year About Average ~ December 2020 MLS

Miami Association of Realtors January 2011 to December 2020 Sales to List Price Ratio for Commercial/Industrial Property Type Classification within Miami-Dade County and Price from $1 Million to $10 Million

The sales to list price ratio as reported by the Miami MLS for improved commercial real estate within Miami-Dade County from $1 million to $10 million in December was 91.50%, just above the 10 year average of 91.04%. Coincidentally December’s 91.40% ratio is exactly, to the fourth decimal point (2nd of a percentage, thus the 4th), that of the median of this ratio for the prior ten years. This ratio continues to in line with day to day experience with Miami commercial properties; prices are holding relatively firm, with industrial properties even showing strength. COVID what?