Northeast Coconut Grove Industrial

Northeast Coconut Grove

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
2,750
As of: February 22, 2017

Northeast Coconut Grove Rates

On average, listings lease in the $40's per square foot per year. The Northeast Coconut Grove submarket is going through a a boost in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 35% rise in rent.

Compared to the rest of the Gold Coast market, the Northeast Coconut Grove submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

Northeast Coconut Grove Listing Supply

In the last 90 days, 14 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,500 sqft. Most buildings in this region are close to 4 stories. Most buildings in this market were built in 1985 and are Class A.

Northeast Coconut Grove Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Northeast Coconut Grove residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Northeast Coconut Grove.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northeast Coconut Grove.
Research