Coral Gables Office Space

Coral Gables

Office Space Market Report

Number of Listings (last 90 days)
53
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
3,140
As of: May 20, 2017

Coral Gables Rates

Most listings are in the $50's per square foot per year. The Coral Gables submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 20% increase in rent.

Compared to the rest of the Gold Coast market, the Coral Gables submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Coral Gables Listing Supply

In the last 90 days, 53 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Coral Gables are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,140 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 7 floors. Most buildings in this market were built in 1971 and are Class A.

Coral Gables Community

Market Report

Trends and status of the commercial real estate market in Coral Gables.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Coral Gables.
Research