Miami Retail Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Lee & Associates, Colliers
Quarterly retail market indicators for Miami, aggregated by CREhunt from Cushman & Wakefield, Lee & Associates, Colliers. As of Q2 2026, average asking rent was $49.82/SF/yr and vacancy was 3.0%, per Cushman & Wakefield.
Projected current retail pricing — Miami
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 Cushman & Wakefield data (cap rate 5.8%, asking rent trend-adjusted to today). Assumes ~97% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $49.82/SF/yr | 3.0% | — | 1 SF | Cushman & Wakefield |
| Q1 2026 Cushman & Wakefield | $48.98/SF/yr | 3.2% | -394K SF | 50 SF | Cushman & Wakefield |
| Q4 2025 Lee & Associates | $42.56/SF/yr | 3.2% | — | — | Lee & Associates |
| Q4 2025 Cushman & Wakefield | $49.55/SF/yr | 3.0% | 3 SF | 3 SF | Cushman & Wakefield |
| Q4 2025 Colliers | — | 3.2% | 179K SF | — | Colliers |
| Q2 2025 Colliers | — | 3.2% | — | — | Colliers |
| Q4 2024 Cushman & Wakefield | $48.94/SF/yr | 2.7% | — | 75 SF | Cushman & Wakefield |
Retail asking rents by submarket
The newest asking rent a named brokerage's report published for each Miami retail submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Aventura | $84.11/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Biscayne Corridor | $47.61/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Brickell | $83.91/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Coconut Grove | $68.71/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Coral Gables | $55.18/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Coral Way | $49.33/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown Miami | $42.87/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Hialeah | $37.87/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Kendall | $50.45/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Miami | $36.07/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Miami Airport | $48.18/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Miami Beach | $95.87/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Miami Gardens/Opa Locka | $33.14/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Miami Lakes | $40.09/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northeast Dade | $38.55/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Outlying Miami-Dade Cnty | $42.39/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South Dade | $37.99/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West Miami | $45.75/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Wynwood-Design District | $72.27/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for retail space in Miami?
- As of Q2 2026, the average asking rent for retail space in Miami was $49.82/SF/yr, per Cushman & Wakefield.
- What is the retail vacancy rate in Miami?
- The retail vacancy rate in Miami was 3.0% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Miami market data come from?
- This report aggregates quarterly retail market data for Miami from Cushman & Wakefield, Lee & Associates, Colliers.