Q4 2023 Miami-Dade County
Following a slowdown at the start of 2023 compared to 2021 and 2022, investor demand for commercial real estate in Miami remains robust in Q4 2023 with a total of $1.83B in transaction volume, which is only an 8% decrease compared to Q3 2023 ($1.98B).
Q3 2023 Miami-Dade County
DWNTWN BY THE NUMBERS is a quarterly market report of the commercial real estate in Miami-Dade, prepared by DWNTWN Realty Advisors. Following a slowdown at the start of 2023 compared to 2021 and 2022, investor demand for commercial real estate in Miami remains robust in Q3 2023 with a total of $1.8B in transaction volume, a 25% increased compared to Q2 2023 ($1.5B), and indicating that Miami-Dade continues to be an attractive real estate market.
Q2 2023 Miami-Dade County
DWNTWN BY THE NUMBERS is a quarterly market report of the commercial real estate in Miami-Dade, prepared by DWNTWN Realty Advisors. The 32% increase in transaction volume quarter-over-quarter bodes well for the Miami-Dade market, which is already outperforming 2019. This quarter, the interest was concentrated in the Urban Center, Little Havana, South Beach, and North Miami.
Q1 2o23 Greater Miami Area
Despite a severe drop in transaction volume for Q1 2023 compared to last years', the Greater Miami Area remains a preferred destination for many investors across the country. 2021 and 2022 were exceptional years for Miami investments but Q1 2023 is still on track to keep up with, if not surpass, pre-Covid years despite market conditions and rising interest rates. Investors trust is strong in already established neighborhoods such as Downtown, Brickell and Wynwood, but a few neighborhoods such as MiMo or Little River are seeing increased activity and interest.