The chart above displays the number of closed sales of Miami-Dade commercial properties, including improved commercial property and vacant commercial land, that were recorded in the Miami MLS for the two years ending April 2021. Last month, April 2021, was off somewhat from the prior month’s blistering pace, but was nonetheless in the upper end of a fairly tight range of sales in the past 24 months. Note that this is only for sales booked in the Miami Multiple Listing Service (MLS), which does not record all commercial property sales. It does, however, record many of them.