On average, listings lease in the $40's per square foot per year. The Coral Gables submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Gold Coast market, the Coral Gables region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 718 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available leases in the Coral Gables are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,780 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 5 floors. Most buildings in this area were built in 1971 and are Class A.
Real time and historical data on commercial real estate listings in Coral Gables.
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