Market Overview

Miami’s multifamily sector is one of the fastest-growing in the U.S., fueled by population growth, in-migration, and a constrained housing supply. With demand consistently outpacing new deliveries, Miami multifamily assets remain highly attractive to institutional investors, private capital, and developers.

Key drivers include:

• Population growth: Miami-Dade’s population has grown ~11% in the past decade.

• Migration: Influx of professionals, retirees, and international residents.

• Rent growth: Class-A urban markets like Brickell & Edgewater see premium rents, while workforce housing in Little Havana & Allapattah remains in high demand.

• Development pipeline: Over 25,000 units under construction across Miami-Dade, concentrated in Downtown, Brickell, and Edgewater.

Investment Snapshot (Q2 2025)

• Vacancy: ~5%, among the lowest in the nation for major metros.

• Rents: Average Miami-Dade rent ~$2,450/month, with luxury submarkets reaching $3,500–$5,000+/month.

• Cap Rates: Compressed in prime areas (3.75–4.5%), higher in workforce submarkets (5–6%).

• Demand: Both institutional & private buyers targeting Miami for long-term appreciation and income.

Why Invest in Miami Multifamily

• Population growth + limited housing = strong rental demand.

• International capital: Miami is a magnet for foreign investors seeking U.S. multifamily.

• High rent resilience: Even during downturns, Miami rents have held stronger than most markets.

• Development opportunities: Zoning flexibility in emerging submarkets (Allapattah, Little Havana).

Submarket Highlights (Internal Links)

• Little Havana: Workforce housing, strong investor activity

• Edgewater: Luxury towers, waterfront demand

• Brickell: Miami’s financial core, Class-A luxury rentals

• Coral Gables: Affluent, stable base with strong rent collections

• Allapattah: Redevelopment + emerging multifamily growth

For Investors

• Access to on-market and off-market multifamily assets.

• Advisory on cap rates, rent growth, and underwriting.

• Expertise across stabilized assets, value-add, and development sites.

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For Owners

• Advisory on maximizing NOI through rent comps, repositioning, and lease strategies.

• Investor database of private and institutional buyers.

• Value-add advisory for properties in emerging markets.

Listings & Tours

• VIVA gives you on-market and exclusive off-market Hialeah options—small-bay, mid-box, and yard/parking sites.

  • Search Multifamily Listings

  • Ask for Off-Market Deals

FAQs

Q1: What are multifamily cap rates in Miami?

A: Core areas (Brickell, Edgewater) are 3.75–4.5%, while workforce submarkets (Little Havana, Allapattah) trade at 5–6%.

Q2: Where is new development happening?

A: Mostly in Downtown, Brickell, Edgewater, and Wynwood, with emerging activity in Allapattah.

Q3: Why is Miami multifamily in demand?

A: Strong population growth, limited housing supply, and international capital flows.

Q4: What’s the average rent in Miami?

A: ~$2,450/month across the county, with luxury towers exceeding $3,500+.