Nov 12, 2020 - 0 Comments - Trends -

Chart: Miami-Dade Commercial Real Estate Sales Maintain Strength ~ October 2020 MLS

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

As can be seen in the chart above of the trailing two years of closed sales of Miami-Dade commercial property, both improved commercial property (with buildings) and vacant commercial land, recorded in the Miami MLS. October 2020 was again a strong month in line with recent, also strong, months. The Miami Multiple Listing Service (MLS) will not record all commercial property sales and thus cannot be said to be fully representative of the asset class. Nonetheless, it does record many, and given that it is representative of commercial property sales recorded in MLS in a prior period versus now, it should be reasonable reliable as a tool for comparing activity between periods.