Compared to the rest of the Gold Coast market, the Northeast Coconut Grove submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Northeast Coconut Grove are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,160 sqft. Most properties in this market are approximately 4 floors. Most buildings in this market were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Northeast Coconut Grove residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.