Looking at the chart of two year trailing closed sales of Miami-Dade commercial properties, both improved and vacant land, thus for the period from September 2018 to August 2020, sales reached the highest level of this year. Given that COVID really began to impact markets in February, these numbers thus could be said to exceed pre-pandemic levels. It must be noted that the Miami Multiple Listing Service (MLS) does not record all commercial real estate sales. Therefore, this is not fully representative of the asset class. Nonetheless, given that it is as representative now as before periods of time can be considered on a relative basis.