2021 Office Space Rent & Sales
- $27.89 2021 Avg. Asking Rent
- -0.14% Y-o-Y Avg. Asking Rent Change
- 14.09% 2021 Office Vacancy Rate
- $29.3M2021 Total Office Sales
- $196.93Avg. Sale Price/SF
Coral Springs office price per square foot in 2021 was $27.89 on average. This marked a -0.14% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.09% across all asset classes combined. The 3 transactions that closed here throughout 2021 amounted to a total sale volume of $29.3M. Coral Springs office space commanded an average sale price per square foot of $196.93.
Average Rent by Office Class
2021 Average Office Rent per Square Foot
- Coral Springs Class A & A+ Office Space$31.67
- Coral Springs Class B Office Space$23.82
- Coral Springs Class C Office Space$22.84
- Florida Class A & A+ Office Space$37.47
- Florida Class B Office Space$24.12
- Florida Class C Office Space$18.87
Coral Springs, FL Office Asking Rents by Class
Average office rent in Coral Springs rested at $27.89 per square foot in 2021. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Coral Springs averaged $31.67 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.82 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $22.84 per square foot, on average. Comparably, statewide Florida average office rents by class in 2021 were: $37.47 per square foot for class A office space; $24.12 per square foot for class B office space; $18.87 per square foot for class C office space.
Office Spaces for Rent in Florida
- Miami Office Space
- Tampa Office Space
- Jacksonville Office Space
- Orlando Office Space
- Fort Lauderdale Office Space
- West Palm Beach Office Space
- Boca Raton Office Space
- St. Petersburg Office Space
- Tallahassee Office Space
- Lakeland Office Space
- Doral Office Space
- Clearwater Office Space
- Coral Gables Office Space
- Hollywood Office Space
- Fort Myers Office Space
Coral Springs Office Sale Price per SF
- $196.932021 Avg. Price per SF
- 11.38%Y-o-Y Avg. PpSF Change
- $29.3M2021 Office Sales Volume
- 32021 Number of Transactions
Coral Springs, FL Sale Price per SF Trend
- Coral Springs Avg. Sale Price per SF in 2021$196.93
- Florida Avg. Sale Price per SF in 2021$236.19
2021 Office Sales Volume
- Coral Springs, FL Total Office Sales Volume in 2021 $29.3M
- Coral Springs, FL Total Number of Office Sales Closed in 2021 3
Largest Coral Springs Office Sales in 2021
| Property name | Address | Date | Price |
|---|---|---|---|
| Offices at 1750 Plaza, The | 1750 North University Drive | 8/11/2021 | $14,500,000 |
| Towers of Coral Springs | 2855 North University Drive | 11/16/2021 | $10,500,000 |
| 12350 NW 39th Street | 12350 NW 39th Street | 4/30/2021 | $4,330,000 |
Coworking Spaces in Florida
- Miami Coworking Space
- Tampa Coworking Space
- Orlando Coworking Space
- Fort Lauderdale Coworking Space
- Jacksonville Coworking Space
- Boca Raton Coworking Space
- West Palm Beach Coworking Space
- Coral Gables Coworking Space
- Miami Beach Coworking Space
- Doral Coworking Space
- St. Petersburg Coworking Space
- Hollywood Coworking Space
- Weston Coworking Space
- Fort Myers Coworking Space
- Lake Mary Coworking Space
- Tallahassee Coworking Space
- Aventura Coworking Space
- Coral Springs Coworking Space
- Boynton Beach Coworking Space
- Pembroke Pines Coworking Space
2021 Office Construction in Coral Springs, FL
| Office building | Address | SF | Completed |
|---|---|---|---|
| Coral Springs Medical Office Building 2 | 3001 Coral Hills Dr, 33065 | 40,500 | 2009 |
| Heron Bay Corporate Center I - Bldg. 4 | 5830 Coral Ridge Drive, 33076 | 45,383 | 2008 |
| Heron Bay Corporate Center 1 | 5850 Coral Ridge Drive #202, 33076 | 514 | 2007 |
| Heron Bay Corporate Center I - Bldg. 3 | 5810 Coral Ridge Drive, 33076 | 45,344 | 2006 |
| Coral Hills Medical Office Building 1 | 2901 Coral Hills Dr, 33065 | 40,500 | 2006 |
| MedArts in the Springs I | 2901 Coral Hills Drive, 33065 | 45,299 | 2005 |
| The B Well Building | 4500 N University Dr., 33065 | 10,214 | 2004 |
| 12500 West Atlantic Blvd | 12460-12466 West Atlantic Blvd, 33071 | 7,218 | 2002 |
| 12500 West Atlantic Blvd | 12500-12508 West Atlantic Blvd, 33071 | 6,429 | 2002 |
| Heron Bay Corporate Center I & II | 11555 Heron Bay Blvd, 33076 | 89,043 | 1999 |
Worth noting among recent office completions on the Coral Springs market is Coral Springs Medical Office Building 2, which is currently the largest new office development in the city, at 40,500 square feet.
See reports for other markets
- Miami Office Rent Price
- Jacksonville Office Rent Price
- Tampa Office Rent Price
- Fort Lauderdale Office Rent Price
- Orlando Office Rent Price
- West Palm Beach Office Rent Price
- Boca Raton Office Rent Price
- St. Petersburg Office Rent Price
- Tallahassee Office Rent Price
- Sarasota Office Rent Price
- Hollywood Office Rent Price
- Miami Beach Office Rent Price
- Doral Office Rent Price
- Coral Gables Office Rent Price
- Plantation Office Rent Price
- Delray Beach Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Coral Springs commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.