On average, listings lease in the $50's per square foot per year. The Coral Gables Section submarket is going through a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Gold Coast market, the Coral Gables Section region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,640 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 13 stories. Most buildings in this region were built in 1981 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Coral Gables Section occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.