Miami-Dade’s commercial real estate sector is demonstrating robust activity, marked by substantial sales and ongoing development. The first half of 2025 alone saw commercial real estate sales reach an impressive $3.4 billion, indicating a strong market appetite for properties across various sectors. This surge is fueled by notable transactions, including significant retail and industrial property sales, signaling continued investor confidence in the region’s economic vitality.
Key Takeaways
- Miami-Dade commercial real estate sales totaled $3.4 billion in the first half of 2025.
- Significant retail centers and industrial properties have changed hands, reflecting market dynamism.
- Investor interest remains high, driving both sales volume and property values.
Notable Transactions Fuel Market Momentum
The commercial real estate landscape in Miami-Dade County has been active with several high-value transactions. In a significant deal, Terra sold the Doral Square retail center for $74 million to IMC Equity Group. This transaction highlights the continued demand for well-positioned retail assets in the area.
Further demonstrating the market’s strength, TA Realty divested two warehouse properties in Hialeah to CIP Real Estate for $47 million. This sale underscores the robust activity within the industrial sector, a key component of the region’s logistics and distribution network.
Red Bird Shopping Center Acquisition
In a notable acquisition, Asana Partners purchased the historic Red Bird Shopping Center for $62.1 million. Located in an area bordering Miami and Coral Gables, the 92,000-square-foot center has been a neighborhood staple for decades. While Asana Partners has remained tight-lipped about specific future plans, they have indicated that the center will continue to operate as a retail destination focused on the surrounding community. The property’s commercial zoning remains unchanged, with no immediate rezoning or major redevelopment applications filed.
Development Site Sale
JLL facilitated the sale of a 6.63-acre development site in Miami-Dade County for $12.29 million. This transaction points to ongoing interest in land suitable for future development, suggesting continued expansion and investment in the county’s infrastructure and commercial spaces.
The consistent flow of significant transactions across retail, industrial, and development land sectors paints a picture of a thriving and dynamic commercial real estate market in Miami-Dade.
Sources
- Miami-Dade commercial real estate sales reach $3.4 billion first half of 2025, The Business Journals.
- Developer purchases Coral Gables-area Red Bird Shopping Center, Miami Herald.
- Terra sells Doral Square retail to IMC Equity Group $74 million, The Business Journals.
- TA Realty sells Hialeah warehouses to CIP Real Estate, The Business Journals.