Miami, FL Multifamily Market Report | Yardi Matrix | Q4 2025

Market Overview

Miami's multifamily market held its footing through August 2025, with average asking rents down just 0.2% on a trailing three-month basis to $2,500, as Yardi Matrix projected full-year rent growth of 0.9% for the metro. South Florida employment grew 1.2% through June, outpacing the national rate, with 43,900 net jobs added over 12 months and unemployment at 3.4%, well below the U.S. average. Developers delivered 7,725 units through August, representing 2.0% of existing stock and tracking just 10 basis points above the national pace. Transaction volume reached $2.1 billion, approaching the prior two-year average of $2.5 billion. A proposed $10 billion transit-oriented redevelopment of Metrocenter in downtown Miami, including residential, office, and cultural uses, signals continued long-term investment conviction in the market.

About Yardi Matrix

Yardi Matrix is a national commercial real estate data and analytics firm serving investors, developers, and property managers across asset classes. Their Miami October 2025 multifamily market report covers asking rents, employment trends, construction pipeline activity, and transaction volume to help owners and investors assess market conditions. To read the full report, click here.