Jul 03, 2020 - 0 Comments - Trends -

Chart: Miami-Dade MLS Commercial Property Sales Rebound to Normal Level

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

In the above chart one can see that the number of commercial property sales in Miami-Dade county, aka the Miami, Florida metro area, for both improved and vacant land that were recorded in the Miami Realtors MLS, rebounded in the month of June to the lower end of a band that sales fluctuated within pre-pandemic. MLS only picks up some, but not all, commercial property sales, and thus is not fully representative, but it nonetheless can be utilized to view trends. Closed transactions declined by about two-thirds in April, then rebounded a bit in May, then more powerfully in June.