Coral Gables Section Retail

Coral Gables Section

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
6,320
As of: July 27, 2017

Coral Gables Section Rates

Most listings are in the $40's per square foot per year. The Coral Gables Section region is going through a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 16% decrease in rent.

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

Coral Gables Section Listing Supply

In the last 90 days, 5 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 220% of the available space in the Coral Gables Section are subleases, so you might be able to snag a great spot on a short term. 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 6,320 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 11 floors. Most buildings in this market were built in 1980 and are Class A.

Coral Gables Section Community

A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Coral Gables Section folk. 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 Gables Section.
Market Report

Market Data

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