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Market Intelligence
A data-driven overview of the macro and micro forces shaping land values across Miami & Miami Beach.
Who Lives Here
A cosmopolitan metro area attracting residents from across the globe, with an affluent and growing population base.
542K
Population
+0.9% YoY1%
Annual Growth Rate
Steady growth$64K
Median Household Income
ACS 2019–202340
Median Age
Source: U.S. Census Bureau, American Community Survey 2023
Tourism Economy
Miami & Miami Beach consistently rank among the most visited cities in the United States, driving sustained demand for hospitality and real estate.
0.6M
Annual Visitors
+3.9% YoY$0.2B
Tourism Revenue
+4.0% YoY0.3%
Hotel Occupancy Rate
+2.8 pts YoY$0
Average Daily Rate
+5.6% YoYSource: Greater Miami Convention & Visitors Bureau, 2024 Annual Report
Competitive Set
Key performance benchmarks from leading Miami & Miami Beach properties illustrate the strength of the lodging market.
77 Rooms
RevPAR
$900
Avg. Daily Rate: $1,200
141 Rooms
RevPAR
$800
Avg. Daily Rate: $1,050
98 Rooms
RevPAR
$740
Avg. Daily Rate: $980
169 Rooms
RevPAR
$720
Avg. Daily Rate: $950
213 Rooms
RevPAR
$645
Avg. Daily Rate: $850
376 Rooms
RevPAR
$520
Avg. Daily Rate: $680
401 Rooms
RevPAR
$460
Avg. Daily Rate: $600
294 Rooms
RevPAR
$440
Avg. Daily Rate: $580
426 Rooms
RevPAR
$420
Avg. Daily Rate: $550
221 Rooms
RevPAR
$395
Avg. Daily Rate: $520
1,504 Rooms
RevPAR
$370
Avg. Daily Rate: $480
206 Rooms
RevPAR
$365
Avg. Daily Rate: $480
326 Rooms
RevPAR
$365
Avg. Daily Rate: $480
200 Rooms
RevPAR
$340
Avg. Daily Rate: $450
140 Rooms
RevPAR
$320
Avg. Daily Rate: $420
Source: STR Global, CoStar Group — Miami & Miami Beach lodging data, 2024
Alternative Accommodations
The Miami & Miami Beach short-term rental market remains one of the most productive in the country, benefiting from year-round demand and regulatory barriers to entry.
33.0K
Total Active Listings
+5.2% YoY$305
Avg Nightly Rate
+4.9% YoY54%
Occupancy Rate
+1.4 pts YoY$75K
Avg Annual Revenue
+6.7% YoY9.8K
Active Listings
+3.8% YoY$358
Avg Nightly Rate
+4.2% YoY$179
RevPAR
+3.4% YoY78%
Entire Home Share
+2.1 pts YoYSource: AirDNA, Inside Airbnb — Miami & Miami Beach STR data, Q4 2024
Connectivity
Miami Beach sits at the center of a robust transportation and commerce network, ensuring unmatched accessibility for residents, investors, and visitors alike.
Miami International Airport
The busiest airport in Florida and second-busiest in the US for international passengers, handling nearly 56 million travelers annually with nonstop service to 190+ destinations worldwide. A $9B modernization program is underway through 2035.
PortMiami
The "Cruise Capital of the World" welcomed a record 8.6 million cruise passengers in 2025 and moves over 1 million TEU of cargo annually, generating significant economic activity and supporting tourism throughout Miami Beach.
Brightline Rail Station (MiamiCentral)
High-speed intercity rail connecting Miami to Fort Lauderdale, Boca Raton, Aventura, West Palm Beach, and Orlando, with a proposed expansion to Tampa.
Miami Beach Convention Center
1.4 million sq ft convention campus hosting major events year-round and drawing hundreds of thousands of attendees, driving consistent hotel and retail demand. An 800-room Grand Hyatt hotel is under construction adjacent to the center.
Miami Design District
World-class luxury retail destination home to Louis Vuitton, Dior, Hermes, and 100+ designer boutiques, with retail rents reaching $500/sqft — the 5th most expensive retail corridor in the US. Attracts high-net-worth visitors and anchors the broader cultural economy of Miami-Dade.
Kaseya Center
Home of the Miami Heat (NBA), this 19,500-seat waterfront arena on Biscayne Bay hosts over 200 events annually — from NBA playoffs to world-class concerts and award shows — drawing millions of visitors to downtown Miami.
loanDepot Park
The retractable-roof home of the Miami Marlins (MLB) seats 36,742 fans in the heart of Little Havana. Host of the 2017 World Baseball Classic and a year-round venue for concerts and cultural events.
Nu Stadium – Miami Freedom Park
Inter Miami CF's brand-new 26,700-seat MLS stadium opened in April 2026 as the centerpiece of a 131-acre mixed-use development near MIA, featuring 750 hotel rooms, retail, and 58 acres of public parkland.
Hard Rock Stadium
The 65,326-seat home of the Miami Dolphins (NFL) also hosts the Formula 1 Miami Grand Prix, the Miami Open tennis tournament, and has staged six Super Bowls — making it one of America's premier multi-sport venues.
Wynwood Art District
A globally recognized cultural destination famous for its open-air street art museum, 70+ galleries, and vibrant dining scene. A magnet for Art Basel visitors and year-round tourism, drawing millions of visitors annually.
Bal Harbour Shops
An iconic open-air luxury shopping destination featuring Chanel, Gucci, Prada, and 100+ premium brands. Consistently ranks among the highest-grossing retail centers per square foot in the United States.
Land Appreciation
Land values per square foot have grown significantly over multiple cycles, demonstrating long-term resilience and compounding appreciation.
Market Development — 10 Year History (Index: Start Year = 100)
Index (Start Year = 100)
Source: Miami-Dade Property Appraiser, CoStar Group, CBRE Research — historical land transaction data