South of Fifth

February 2026 highlighted South of Fifth's position as one of Miami's most premium rental submarkets, with median rents closing at $6,000 and an average sold price of $9,348 — driven by a wide range of luxury inventory. With 21 units rented against 29 active listings and virtually no pending pipeline, the market moved selectively. Units that did lease averaged 46 days on market with a SP/LP ratio of 0.97, reflecting the negotiating leverage tenants hold in this price range. The $59,999 list price outlier skews active averages significantly — the $8,000 median is a more reliable read on the market.