Oct 12, 2021 - 0 Comments - Trends -

Chart: Miami Commercial Real Estate Sales to List Price Ratio September 2021

January 2011 to September 2021 Sales to List Price Ratio for Commercial/Industrial Property within Miami-Dade County, Florida and Priced from $1 Million to $10 Million as Recorded in Miami Commercial MLS

This chart displays the sales price to listing price ratio as reported in the Miami Commercial MLS for improved commercial real estate (MLS classification: commercial/industrial) that lies within Miami-Dade, including cities within, that were priced from $1 million to $10 million and that closed from January 2011 to September 2021. This ratio dropped to 91.1% from 95% in the prior month. It is in now smack in middle of a visible range end of a range for the past several years.

“There is no one so wise as the man with the unrealized gain.”

~James Hawkins

To get a general idea of how much commercial property tends to trade in the area, see our post where we chart estimated turnover for Miami-Dade commercial property from 2016 to 2020.