Miami Multifamily Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Marcus & Millichap
Quarterly multifamily market indicators for Miami, aggregated by CREhunt from Cushman & Wakefield, Marcus & Millichap. As of Q2 2026, average asking rent was $2,596.00/unit/mo, per Cushman & Wakefield.
Projected current multifamily pricing — Miami
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Miami multifamily yet, so this applies the typical cap rate across comparable multifamily markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 5.1%–6.0%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $2,596.00/unit/mo | — | 2K SF | 2K SF | Cushman & Wakefield |
| Q1 2026 Cushman & Wakefield | $2,641.00/unit/mo | — | 94 SF | 14K SF | Cushman & Wakefield |
| Q4 2025 Marcus & Millichap | $2,603.00/unit/mo | 4.3% | — | — | Marcus & Millichap |
| Q4 2025 Cushman & Wakefield | $2,667.00/unit/mo | — | 6K SF | 15K SF | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for multifamily space in Miami?
- As of Q2 2026, the average asking rent for multifamily space in Miami was $2,596.00/unit/mo, per Cushman & Wakefield.
- What is the multifamily vacancy rate in Miami?
- Vacancy data for Miami multifamily is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does CREhunt's Miami market data come from?
- This report aggregates quarterly multifamily market data for Miami from Cushman & Wakefield, Marcus & Millichap.