BreakThru Realty South Florida Commercial Real Estate Market Report

Each month BreakThru Realty Research publishes the South Florida Commercial Real Estate Market Report: the commercial sales and leases that closed in the month, and every commercial property for sale and space for lease on the day of publication, with median prices, price per square foot and asking rents by asset class and county, for Miami-Dade, Broward, Palm Beach, Martin, St. Lucie and Indian River counties. Every figure is computed from BeachesMLS commercial listings, and every edition stays online with the figures it was published with.

Latest Edition: September 2026

61 commercial sales and 145 commercial leases closed through BeachesMLS across the six South Florida counties in September 2026, against 67 sales and 134 leases in August 2026 and 97 and 127 in September 2025.
The median commercial sale in September 2026 closed at $1,000,000, and the median sold price per square foot of building was $321.
Commercial properties sold in September 2026 closed at a median 92.9% of their final asking price, after a median 124 days on market.
Of the 145 commercial leases closed in September 2026, 26 were quoted per square foot; their median agreed rent was $27.50 per square foot per year.
On September 30, 2026, 1,494 commercial properties were for sale and 2,248 spaces were for lease across the six counties; 604 of them came on the market in the previous 30 days.
The median asking price of a commercial property for sale on September 30, 2026 was $1,695,000, or $465 per square foot of building; the median asking rent quoted per square foot was $30.00 a year.
By asset class, median asking rents ran from $19.95 per square foot a year for industrial space to $35.00 for retail.

Read the September 2026 edition

Commercial Closings by County, September 2026

61 commercial sales and 145 commercial leases with a closing date in September 2026 were recorded in BeachesMLS for the six counties, the most in Miami-Dade County (23 sales, 68 leases). Sale prices are closing prices; leased rents are the rate agreed on leases quoted per square foot.

County	Closed sales	Median sale price	Median sold $/sq ft	Sale-to-list	Days on market (sales)	Closed leases	Median leased rent ($/sq ft/yr)
Miami-Dade County	23	$825,000	$357	94.3%	91 days	68	$31.00
Broward County	18	$1,045,000	$349	91.6%	172 days	53	$25.50
Palm Beach County	10	$1,350,000	$483	92.2%	144 days	12	—
Martin County	4	—	—	—	—	5	—
St. Lucie County	6	$261,500	$212	95.8%	181 days	6	—
Indian River County	0	—	—	—	—	1	—
Six counties	61	$1,000,000	$321	92.9%	124 days	145	$27.50

A dash means fewer than five closings qualified for that median; leased rents count only leases quoted per square foot. County names link to the county's commercial listings where it has a page of its own.

Commercial Closings by Asset Class, September 2026

Industrial led closed sales in September 2026 with 17, followed by office with 15. Asset classes follow the MLS property subtype; "Other commercial" is the MLS's catch-all Business subtype, such as gas stations, assisted living facilities and event space.

Asset class	Closed sales	Median sale price	Median sold $/sq ft	Sale-to-list	Days on market (sales)	Closed leases	Median leased rent ($/sq ft/yr)
Office	15	$800,000	$379	96.3%	131 days	53	$30.00
Retail	4	—	—	—	—	31	—
Industrial	17	$600,000	$300	95.4%	149 days	28	$18.00
Mixed-Use	10	$637,500	$315	90%	69 days	22	—
Multifamily	12	$1,925,000	$310	92.1%	168 days	0	—
Other commercial	3	—	—	—	—	11	—
All commercial	61	$1,000,000	$321	92.9%	124 days	145	$27.50

A dash means fewer than five closings qualified for that median; leased rents count only leases quoted per square foot.

Asking Prices and Rents by Asset Class, September 30, 2026

What owners and landlords were asking on September 30, 2026, from every active commercial listing in the six counties. Median asking prices per square foot of building ran from $375 for industrial property to $887 for hotel and motel property. Asking figures are not closed prices; the closings above show what was actually paid.

Asset class	For sale	Median asking price	Median asking $/sq ft	For lease	Median asking rent ($/sq ft/yr)	Leases quoted per sq ft
Office	335	$799,000	$495	887	$32.50	290
Retail	191	$1,700,000	$687	449	$35.00	147
Industrial	217	$1,699,000	$375	383	$19.95	142
Mixed-Use	296	$1,700,000	$493	300	$28.00	55
Multifamily	261	$2,499,999	$424	6	—	0
Hotel/Motel	26	$6,525,000	$887	0	—	0
Other commercial	168	$1,765,000	$473	223	$30.00	56
All commercial	1,494	$1,695,000	$465	2,248	$30.00	690

Asking rents use only leases quoted per square foot per year ($5 to $199 in the MLS); the last column says how many that was.

Asking Prices and Rents by County, September 30, 2026

Miami-Dade County had the most commercial listings on September 30, 2026: 784 for sale and 1,195 for lease. Each county's medians are its own; the region's row is the median over every listing in the six counties.

County	For sale	Median asking price	Median asking $/sq ft	For lease	Median asking rent ($/sq ft/yr)	Leases quoted per sq ft
Miami-Dade County	784	$1,850,000	$485	1,195	$32.25	408
Broward County	435	$1,550,000	$443	727	$26.00	198
Palm Beach County	164	$1,740,000	$523	205	$30.75	56
Martin County	36	$1,250,000	$393	37	$21.75	6
St. Lucie County	58	$789,500	$273	69	$15.00	13
Indian River County	17	$1,250,000	$379	15	$20.75	9
Six counties	1,494	$1,695,000	$465	2,248	$30.00	690

County names link to the county's commercial listings where it has a page of its own.

Every Edition

BreakThru Realty South Florida Commercial Real Estate Market Report: September 2026 (published September 30, 2026)

How the Monthly Commercial Report Works

Each edition is built from BeachesMLS at the end of the month: the commercial sales and leases that closed in the month, with median sale prices, sold price per square foot, sale-to-list ratios and leased rents by county and asset class, compared with the month before and the same month a year earlier, plus every commercial property for sale and space for lease on the day it is published. Once published an edition never changes. The methodology and each edition's notes explain every calculation; the other reports are on BreakThru Realty Research.

MLS listings are not the whole commercial market. Many commercial sales and most large leases are negotiated privately or marketed outside the MLS, so these counts describe the MLS share of the market. Compare them from one edition to the next rather than reading them as the market's total.
The MLS does not say whether a lease rate is triple net (NNN), modified gross or full service, so asking and leased rents mix all three. Compare spaces on the total cost of occupancy, not on the quoted rate alone.
This report does not measure vacancy, absorption or net leasing activity: the MLS records listings and closings, not occupied space. For those measures, use third-party market research and cite it by name and date; BreakThru Realty does not restate other firms' figures as its own.
Asking prices and rents are what owners and landlords want, not what buyers and tenants pay; the closings are the paid side. A month of commercial closings is a small sample, so medians move with the mix of properties that happened to close.