On average, listings lease in the $50's per square foot per year. The Coral Gables Section region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Gold Coast market, the Coral Gables Section region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the listings in the Coral Gables Section are subleases, so you might be able to snag a great spot on a short term. 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 5,930 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 13 stories. Most buildings in this region were built in 1981 and are Class A.
A large portion of this region 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.