Northeast Coconut Grove Retail

Northeast Coconut Grove

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$132
Median Size (sqft)
1,100
As of: December 4, 2016

Northeast Coconut Grove Rates

Most listings are in the $130's per square foot per year. The Northeast Coconut Grove submarket is going through a a boost in rates. In the last 3 months, the median rate rose $87 per sqft per year. That's a 194% increase in rent.

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

Northeast Coconut Grove Listing Supply

In the last 90 days, 6 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,100 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this region 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 area. Commute by bike is the most popular way to get to work amongst Northeast Coconut Grove occupants. 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