On average, listings lease in the $50's per square foot per year. The Coral Gables Section region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Gold Coast market, the Coral Gables Section submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 32 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available space in the Coral Gables Section are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,410 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 13 floors. Most buildings in this region were built in 1981 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Coral Gables Section occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.