On average, listings lease in the $50's per square foot per year. The Coral Gables Section submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 16% rise 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 submarket.
In the last 90 days, 12 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 2,640 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 13 stories. Most buildings in this market were built in 1981 and are Class A.
A large portion of this area 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.