Miami’s commercial real estate market is attracting significant investor attention, securing the second-highest ranking among top U.S. investment targets for 2025. This strong performance is driven by a combination of factors, including the city’s status as a high-growth Sun Belt market and its appeal to international buyers seeking stable investments and a desirable lifestyle.
Miami’s Investment Appeal Soars
According to CBRE’s 2025 U.S. Investor Intentions Survey, Miami has maintained its second-place position for commercial real estate investment for the second consecutive year. Investors are strategically targeting gateway markets that offer potential discounts and robust growth opportunities, with Miami fitting this profile perfectly. Dallas continues to lead the pack, but Miami’s consistent high ranking underscores its growing importance in the national investment landscape.
- Key Takeaways:
- Miami is ranked #2 for commercial real estate investment in 2025.
- Investors are focusing on both gateway and high-growth Sun Belt markets.
- Equity funds and private buyers, both foreign and domestic, are driving liquidity and upward price trends in Miami.
Investor Sentiment and Strategy
Investor sentiment for the U.S. commercial real estate market is optimistic, with 70% of investors planning to acquire more assets in 2025. This confidence is fueled by attractive pricing and improving market fundamentals. Investors are increasingly prioritizing high-quality assets, with multifamily and industrial & logistics properties leading the way. However, there’s also a growing interest in retail and office assets compared to the previous year. Value-add and core-plus strategies are favored, indicating a search for higher returns with managed risk.
Top Markets for International Buyers
Beyond commercial real estate, Miami also stands out as the premier destination for international housing buyers in the first quarter of 2025. Attracting 8.7% of international online views, Miami’s appeal extends beyond its weather and beaches to include its lack of state income tax, robust economy, and status as a gateway to the Americas. Other Florida markets like Orlando and Tampa also feature prominently in the top 10, alongside major cities such as New York and Los Angeles. Texas, particularly Dallas and Houston, is also seeing a significant rise in international interest due to its pro-business environment, economic growth, and lower cost of living.
Shifting Buyer Preferences
While Miami and Sun Belt markets are booming, some Western markets are experiencing a decline in international buyer interest. Cities like San Francisco, San Diego, and Las Vegas have fallen off the top international destinations list. This shift is attributed to persistent affordability challenges, concerns about long-term returns, and broader urban issues in some of these markets. International buyers are becoming more discerning, prioritizing stability, affordability, and strong economic fundamentals.
Global Investor Origins
Canada remains the largest source of international interest in U.S. real estate, though its share has slightly declined. Mexico also shows consistent interest, particularly in border cities. Other key countries include the United Kingdom, Germany, and Australia. The U.S. market continues to be attractive globally due to its perceived stability, security, diverse investment opportunities, and strong legal framework.
Sources
- Miami, FL is the Top Housing Market for International Buyers in 2025, Norada Real Estate Investments.