Dec 10, 2020 - 0 Comments - Trends -

Chart: Miami-Dade Commercial Real Estate Sales Pull Back a Touch from Prior Months ~ November 2020 MLS

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

As readers can see 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. November 2020 pulled back a bit from prior strong months to around an average for the year. The Miami Multiple Listing Service (MLS) does not record all commercial property sales and thus can’t be said to be fully or perfectly representative of the asset class. Nonetheless, it does record numbers of sales, and given that it is representative of commercial property sales that have been recorded in MLS in a prior period versus the current period, it should be reasonable reliable as a reasonably good metric for comparing activity between periods.