Northeast Coconut Grove Sublease

Northeast Coconut Grove

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
26,170
As of: May 19, 2017

Northeast Coconut Grove Rates

The typical asking rate per listing is in the $50's per square foot per year. The Northeast Coconut Grove submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 8% increase in rent.

Compared to the rest of the Gold Coast market, the Northeast Coconut Grove submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Northeast Coconut Grove Listing Supply

In the last 90 days, 10 listings have been posted online, which means office 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 26,170 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this market were built in 1982 and are Class A.

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