The typical asking rate per listing is in the $50's per square foot per year. The Coral Gables Section region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Gold Coast market, the Coral Gables Section region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 33 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the listings in the Coral Gables Section are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 office spaces below 2,000 sqft. Most buildings in this market are approximately 13 stories. Most buildings in this market were built in 1981 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 region. 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.