Miami Retail Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Colliers
Quarterly retail market indicators for Miami, aggregated by PropZone from Cushman & Wakefield, Colliers. As of Q1 2026, average asking rent was $48.98/SF with a 2.2% vacancy rate.
Projected current retail pricing — Miami
low confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cushman & Wakefield data (cap rate 7.0%, asking rent trend-adjusted to today). Assumes ~98% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $48.98/SF | 2.2% | — | 0K SF | Cushman & Wakefield |
| Q4 2025 | — | 3.2% | 179K SF | — | Colliers |
| Q4 2025 | — | 3.0% | 0K SF | 0K SF | Cushman & Wakefield |
| Q2 2025 | $26.81/SF | 3.5% | — | — | Cushman & Wakefield |
| Q4 2024 | — | — | 0K SF | 0K SF | Cushman & Wakefield |
How the brokerage sources compare
For Q4 2025, the brokerages PropZone aggregates for Miami retail did not fully agree. On vacancy, the sources span 0.2 points — from 3.0% (Cushman & Wakefield) to 3.2% (Colliers). PropZone reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 3.0% | — | — |
| Colliers | 3.2% | — | — |
Per-brokerage figures for Q4 2025, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for retail space in Miami?
- As of Q1 2026, the average asking rent for retail space in Miami was $48.98/SF, per Cushman & Wakefield.
- What is the retail vacancy rate in Miami?
- The retail vacancy rate in Miami was 2.2% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Miami market data come from?
- This report aggregates quarterly retail market data for Miami from Cushman & Wakefield, Colliers.
- How much do brokerage estimates differ for retail space in Miami?
- For Q4 2025, the brokerage sources PropZone aggregates for Miami did not fully agree. On vacancy, the sources span 0.2 points — from 3.0% (Cushman & Wakefield) to 3.2% (Colliers). PropZone reconciles these into a single consensus median rather than relying on any one brokerage.