$0
Average Rent
$2,380 average rent in Miami, Q2 2026
0%
Occupancy Rate
95% occupancy rate Miami, Q2 2026
0
T4Q Net Absorption
7,608 T4Q net absorption in Miami, Q2 2026
0%
Annual Rent Change
0% annual rent change in Miami, Q2 2026
0
BPS Annual Occupancy Change
10 BPS annual occupancy change in Miami, Q2 2026
0
T4Q Unit Completions
7,847 T4Q net absorption in Miami, Q2 2026
Key Takeaways
- Trailing 12-month absorption of 7,608 units has nearly matched the 7,847 units delivered, bringing Miami’s multifamily market to near-equilibrium as demand strengthens across all 16 tracked submarkets.
- The construction pipeline is contracting—trailing 12-month starts fell to 6,813 units from 8,592 a year ago, while 15,481 units remain under construction (7.3% of inventory), signaling the market is moving past peak supply pressure.
- Rents have stabilized at $2,380 per unit with two consecutive quarters of positive momentum, while occupancy of 94.6% has improved 10 basis points year over year.
Market Outlook
Miami’s multifamily market is in the late stages of its supply cycle, with deliveries and starts both declining. The 15,481 units under construction (7.3% of inventory) will sustain elevated completions through mid-2027…
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