Aug 12, 2020 - 0 Comments - Top Stories -

Chart: Miami-Dade Commercial Property Sales Within Normal Range ~ July 2020 MLS

Miami MLS Number of Sales from August 2018 to July 2020 in Miami-Dade County Property Types: Commercial, Industrial; Commercial, Business, Agricultural, or Industrial Vacant Land

In this month’s chart of two year trailing sales of Miami-Dade commercial properties tracking, for the period from August 2018 to July 2020, sales of both improved and vacant land, it is evident that the level is holding within a normal range. This “holding pattern” follows a brief dip in April and May as the coronavirus pandemic had just begun. The Miami Multiple Listing Service (MLS) does not record all commercial property sales, and thus is not fully representative of the asset class, but can nonetheless can be utilized to view general trends.