Northeast Coconut Grove Office Space

Northeast Coconut Grove

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
1,590
As of: January 17, 2017

Northeast Coconut Grove Rates

On average, listings lease in the $30's per square foot per year. The Northeast Coconut Grove region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $97 per sqft per year. That's a 73% decrease in rent.

Compared to the rest of the Gold Coast market, the Northeast Coconut Grove region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Northeast Coconut Grove Listing Supply

In the last 90 days, 9 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,590 sqft. Most buildings in this area are around 4 stories. Most buildings in this market were built in 1982 and are Class B.

Northeast Coconut Grove Community

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 market. Commute by bike is the most popular way to get to work amongst Northeast Coconut Grove folk. Commuting under 5 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 Northeast Coconut Grove.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northeast Coconut Grove.
Research