Coral Ridge Office Space

Coral Ridge

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
5,050
As of: June 28, 2017

Coral Ridge Rates

The typical asking rate per listing is in the $30's per square foot per year. The Coral Ridge region is going through a a boost in rates. In the last 3 months, the median rate went up $34 per sqft per year.

Compared to the rest of the Gold Coast market, the Coral Ridge submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Coral Ridge Listing Supply

In the last 90 days, 5 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 340% of the available leases in the Coral Ridge 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,960 sqft. Most buildings in this area are close to 3 floors. Most buildings in this market were built in 1969 and are Class B.

Coral Ridge Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Coral Ridge occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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