2021 Office Space Rent & Sales
- $33.31 2021 Avg. Asking Rent
- 11.98% 2021 Office Vacancy Rate
- $204.3M2021 Total Office Sales
- $256.53Avg. Sale Price/SF
Doral office price per square foot in 2021 was $33.31 on average. The local office market recorded an average vacancy rate of 11.98% across all asset classes combined. The 6 transactions that closed here throughout 2021 amounted to a total sale volume of $204.3M. Doral office space commanded an average sale price per square foot of $256.53.
Average Rent by Office Class
2021 Average Office Rent per Square Foot
- Doral Class A & A+ Office Space$34.03
- Doral Class B Office Space$32.83
- Doral Class C Office Space$21.14
- Florida Class A & A+ Office Space$37.47
- Florida Class B Office Space$24.12
- Florida Class C Office Space$18.87
Doral, FL Office Asking Rents by Class
Average office rent in Doral rested at $33.31 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 Doral averaged $34.03 per square foot. Across all submarkets, class B office space recorded an average asking rent of $32.83 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $21.14 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
Doral Office Sale Price per SF
- $256.532021 Avg. Price per SF
- 44.54%Y-o-Y Avg. PpSF Change
- $204.3M2021 Office Sales Volume
- 62021 Number of Transactions
Doral, FL Sale Price per SF Trend
- Doral Avg. Sale Price per SF in 2021$256.53
- Florida Avg. Sale Price per SF in 2021$236.19
2021 Office Sales Volume
- Doral, FL Total Office Sales Volume in 2021 $204.3M
- Doral, FL Total Number of Office Sales Closed in 2021 6
Largest Doral Office Sales in 2021
| Property name | Address | Date | Price |
|---|---|---|---|
| Doral Concourse | 8400 NW 36th Street | 7/20/2021 | $96,000,000 |
| Westside Plaza I | 8400 NW 33rd Street | 12/2/2021 | $34,276,400 |
| Doral Operations Center | 3511 NW 91st Avenue | 9/27/2021 | $27,250,000 |
| Westside Plaza II | 8300 NW 33rd Street | 12/2/2021 | $19,958,400 |
| Westside Plaza III | 8200 NW 33rd Street | 12/2/2021 | $18,765,300 |
Coworking Spaces in Florida
- Miami Coworking Space
- Tampa Coworking Space
- Orlando Coworking Space
- Fort Lauderdale Coworking Space
- Boca Raton Coworking Space
- Jacksonville 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 Doral, FL
- Doral, FL Total SF completed in 2021 43,599
During 2021, 43,599 square feet of new office space were delivered across the market. At the close of 2021, the Doral office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 43,599 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| One Park Square | 3470 NW 82nd Avenue, 33122 | 281,623 | 2009 |
| 7950 Professional Center | 7950 NW 53 ST #120-125, 33166 | 68,742 | 2008 |
| 7950 Professional Center | 7950 NW 53 ST #120-125, 33166 | 68,742 | 2008 |
| 7950 Professional Center | 7950 NW 53rd Street, Suite 235 & 237, 33166 | 68,742 | 2008 |
| 7950 Professional Center | 7950 NW 53rd Street, Suite 235 & 237, 33166 | 68,742 | 2008 |
| 7950 Professional Center | 7950 NW 53 ST #120-125, 33166 | 68,742 | 2008 |
| 7791 NW 46th Street | 7791 NW 46th Street , 33166 | 11,933 | 2007 |
| 7791 NW 46th Street | 7791 NW 46th Street , 33166 | 11,933 | 2007 |
| Doral Costa | World-class office space for lease | 9800 - 9850 NW 41st Street, 33178 | 0 | 2006 |
| Westend Suite 24 | 8726 NW 26th Street, Suite 24, 33172 | 2,463 | 2002 |
Worth noting among recent office completions on the Doral market is One Park Square, which is currently the largest new office development in the city, at 281,623 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
- Coral Gables Office Rent Price
- Plantation Office Rent Price
- Delray Beach Office Rent Price
- Pompano 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 Doral 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.