Miami Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Miamirealtors, Lee Associates
Quarterly multifamily market indicators for Miami, aggregated by PropZone from Cushman & Wakefield, Miamirealtors, Lee Associates. As of Q4 2025, average asking rent was — with a 6.4% vacancy rate.
Projected current multifamily pricing — Miami
low confidenceProjected asking rent
$2,214/unit/mo
Estimated sale value
$206,900–$258,625/unit
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 2025 Lee Associates data (cap rate 6.3%, asking rent held flat). Assumes ~94% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | — | 0K SF | 14K SF | Cushman & Wakefield |
| Q4 2025 | — | 6.4% | 5K SF | — | Miamirealtors |
| Q4 2025 | — | — | 6K SF | 15K SF | Cushman & Wakefield |
| Q2 2025 | $2214.00/SF | 6.1% | 0K SF | — | Lee Associates |
Frequently asked questions
- What is the average asking rent for multifamily space in Miami?
- PropZone aggregates multifamily asking-rent data for Miami from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Miami?
- The multifamily vacancy rate in Miami was 6.4% as of Q4 2025 (Miamirealtors).
- Where does PropZone's Miami market data come from?
- This report aggregates quarterly multifamily market data for Miami from Cushman & Wakefield, Miamirealtors, Lee Associates.
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