The typical asking rate per listing is in the $50's per square foot per year. The Coral Gables Section submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Gold Coast market, the Coral Gables Section submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 39 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the listings in the Coral Gables Section are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,410 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 13 floors. Most buildings in this area were built in 1981 and are Class A.
A large portion of this market 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.