On average, listings lease in the $50's per square foot per year. The Coral Gables submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Gold Coast market, the Coral Gables region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 63 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space 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.
The standard measurement for office space in this area is around 2,490 sqft. Most buildings in this market are close to 7 floors. Most buildings in this region were built in 1971 and are Class A.