The typical asking rate per listing is in the $50's per square foot per year. The Coral Gables Section submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 5% decrease 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 region.
In the last 90 days, 34 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Coral Gables Section are subleases, so you will probably have to consider a longer term lease. 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 3,760 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 13 floors. Most buildings in this region 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.