Most listings are in the $40's per square foot per year. The Coral Gables Section region is experiencing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Gold Coast market, the Coral Gables Section submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 400% of the office spaces 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 6,320 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 11 floors. Most buildings in this area were built in 1980 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 market. 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.