On average, listings lease in the $50's per square foot per year. The Coral Way region is going through a a boost in rates. In the last 3 months, the median rate rose $53 per sqft per year.
Compared to the rest of the Gold Coast market, the Coral Way region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,230 sqft. Most properties in this region are approximately 7 stories. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Most of the residents of Coral Way work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.