Most listings are in the $50's per square foot per year. The Coral Gables Section submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $57 per sqft per year.
Compared to the rest of the Gold Coast market, the Coral Gables Section region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 440% of the listings in the Coral Gables Section are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,320 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 11 floors. Most buildings in this area were built in 1980 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 region. 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.