Miami Multifamily MarketBeat Q1 2026
Miami's multifamily market delivered 1,956 units in Q1 2026, up 53.5% year-over-year, with a construction pipeline of nearly 13,800 units concentrated in Downtown Miami at 30.7% of development activity, though stabilized occupancy declined 80 basis points to 94.2% as vacancy rose above 9.0% from cumulative supply growth of 41.1% since 2020. Effective rent totaled $2,641 per unit in Q1 2026, down 1.0% year-over-year, while net absorption of 2,195 units marked the highest quarterly figure since Q3 2021, with investment momentum carrying into early 2026 at over $73 million in transactions and a price per unit of nearly $398,000.
Published by Cushman & Wakefield. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Cushman & Wakefield
- Obtained from
- Unknown: source not established
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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