$0
Average Rent
$2,381 average rent in Miami, Q3 2026
0%
Occupancy Rate
95% occupancy rate Miami, Q3 2026
0
T4Q Net Absorption
7,756 T4Q net absorption in Miami, Q3 2026
0%
Annual Rent Change
1% annual rent change in Miami, Q3 2026
0
BPS Annual Occupancy Change
-10 BPS annual occupancy change in Miami, Q3 2026
0
T4Q Unit Completions
7,078 T4Q net absorption in Miami, Q3 2026
KEY TAKEAWAYS
- Renter demand in Miami continues to strengthen, with Q3 2026 net absorption running 26% higher than a year ago and trailing four-quarter absorption exceeding new deliveries for the first time since Q2 2022.
- Supply pressure is steadily easing, as trailing four-quarter completions fell 24% and construction starts declined 26% from a year ago.
- Occupancy held firm at 94.7% in Q3, while average rents rose 0.7% year over year to $2,381, returning to positive annual growth after five consecutive quarters of declines.
MARKET OUTLOOK
Miami’s rental market reached an important turning point in Q3 2026, as trailing 12-month absorption exceeded new deliveries for the first time since 2022. Demand has been remarkably consistent, with Q3 2026 net absorption of 2,040 units running well above the 10-year quarterly average of roughly 1,540 units…
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