The typical asking rate per listing is in the $40's per square foot per year. The Coral Gables Section region is seeing a decline 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 region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the available leases 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 listings below 2,000 sqft. Most buildings in this market are close to 11 floors. Most buildings in this region were built in 1980 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.