Coral Gables Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Coral Gables is $59.73 per square foot, 15.53% higher compared to the previous year.
  • The average sale price for office space in Coral Gables is $330.88 per square foot, marking an increase of 83.42% compared to 2024.
  • The market’s vacancy rate stands at 10.60%, lower than the state average of Florida, which is 15.13%.
  • Renting Class A/A+ office space here costs $61.22 per square foot, while Class B averages $51.88 and Class C stands at $60.70.
  • 75,000 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $59.73 2025 Avg. Asking Rent
  • 15.53% Y-o-Y Avg. Asking Rent Change
  • 10.60% 2025 Office Vacancy Rate
  • $177.2M2025 Total Office Sales
  • $330.88Avg. Sale Price/SF

What is the average asking rent price for office space in Coral Gables?

Average asking rents for office space here stand at $59.73 per square foot. The local office market recorded an average vacancy rate of 10.60% in 2025, unchanged from 10.60% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $177.2M across 4 sales. These transactions commanded an average sale price per square foot of $330.88.

Coral Gables, FL Office Asking Rents by Class

What is the average office rent per square foot by property class in Coral Gables?

  • Avg. Asking Rent Class A & A+$61.22
  • Avg. Asking Rent Class B$51.88
  • Avg. Asking Rent Class C$60.70

The average asking rent for Class A and A+ office space stood at $61.22 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Coral Gables averaged $51.88 per square foot, while the average for Class C space was $60.70 per square foot.

What is the average office rent per square foot by property class in FL?

  • Avg. Asking Rent Class A & A+$45.91
  • Avg. Asking Rent Class B$27.03
  • Avg. Asking Rent Class C$19.30

For comparison, the average rent for Class A and A+ office space in Florida was $45.91 per square foot. The state-wide average for Class B space was $27.03 per square foot, and Class C office spaces averaged $19.30 per square foot.

Coral Gables, FL Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Coral Gables was Dadeland at 6.78%. Meanwhile, the highest office vacancy rate in the market was 16.41%, recorded in Airport South.
Submarket Asking Rents Vacancy Rates
Coral Gables - Downtown $59.48 9.74%
Miami Coconut Grove $55.47 8.76%
Airport South $54.18 16.41%
Dadeland $51.88 6.78%
Coral Gables $51.29 12.82%
Data provided by Yardi Research

Explore Top Office Markets in Florida

2025 Office Sales Volume

  • $330.882025 Avg. Price per SF
  • $177.2M2025 Office Sales Volume
  • 42025 Number of Transactions

What is the average sale price per square foot for office space in Coral Gables?

Average sale prices for office space in this market recorded a +83.42% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $330.88 per square foot. For comparison, the statewide Florida average during the same time period stood at $209.15 per square foot, while the national average was $182.48 per square foot.

Coral Gables, FL Sale Price per SF Trend

  • Coral Gables Avg. Sale Price per SF in 2025$330.88
  • Florida Avg. Sale Price per SF in 2025$209.15

What was the total office sales volume in Coral Gables in 2025?

The local office market recorded 4 deals in 2025, adding up to a yearly sales volume of $177.2M.

  • Coral Gables, FL Total Office Sales Volume in 2025 $177.2M
  • Coral Gables, FL Total Number of Office Sales Closed in 2025 4
Data provided by Yardi Research

Office Construction in Coral Gables, FL

  • Coral Gables, FL Total SF under construction in 2026 75,000

What are the largest recent office completions in Coral Gables?

The largest recent office completion here is 2525 Ponce De Leon Building at 254,592 square feet, completed in 2004. The next largest completions are 355 Alhambra and 355 Alhambra Circle.

Office building Address SF Completed
CORAL GABLES WELLNESS & AESTHETIC FACILITY 1340 South Dixie Highway, 33134 216,000 2020
2020 Ponce 2020 Ponce De Leon Blvd, 33134 130,000 2009
Santona Corner 1430 South Dixie Hwy, 33146 95,000 2008
Plaza San Remo 6705 Red Road, 33143 158,288 2007
6705 Red Rd 6705 Red Rd, 33146 2,500 2007
2525 Ponce De Leon Building 2525 Ponce de Leon Blvd, 33134 254,592 2004
55 Miracle Mile 55 Miracle Mile, 33134 154 2004
Village of Merrick Park Office 4425 Ponce De Leon Blvd, 33146 100,000 2002
355 Alhambra 355 Alhambra Circle, 33134 224,241 2001
355 Alhambra Circle 355 Alhambra Circle, 33134 224,241 2001
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.