Most listings are in the $50's per square foot per year. The Coral Gables Section region is experiencing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Gold Coast market, the Coral Gables Section region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 39 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available space 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,410 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 13 floors. Most buildings in this region were built in 1981 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. 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.