Miami-Fort Lauderdale Commercial Space
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Renting Coworking Space in Coral Gables
Known for its Mediterranean aesthetic and professional services focus, Coral Gables is currently "quietly doing the heavy lifting" for Miami’s office surge. Recent data shows a 3.3% drop in vacancy rates as the submarket absorbs older inventory and integrates new Class A products. Large-scale transactions, such as the $119 million sale of the Alhambra office complex in January 2026, demonstrate that institutional capital still views the "City Beautiful" as a safe haven for stable, long-term returns. The neighborhood also serves as a critical medical office corridor, with turnkey medical facilities seeing high demand due to the aging affluent population in nearby Coconut Grove and Pinecrest. (Source: Avison Young / JLL Capital Markets)
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Suite Rates in Coral Gables
Suite Sizes in Coral Gables
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Beverly Terrace | 100 | $5.15 / SF | < 30 |
| Boca Raton | 600 | $2.13 / SF | 59 |
| Boynton Beach | 3,900 | $5.42 / SF | < 30 |
| Brickell | 600 | $2.32 / SF | 543 |
| Coconut Grove | 500 | $3.04 / SF | 121 |
| Coral Gables | 600 | $2.36 / SF | 720 |
| Delray Beach | 500 | $2.25 / SF | < 30 |
| Downtown Miami | 300 | $3.62 / SF | 128 |
| Edgewater | 100 | $5.66 / SF | < 30 |
| Hialeah | 600 | $2.06 / SF | 88 |
| Hollywood, FL | 500 | $2.22 / SF | 94 |
| Little Haiti | 1,800 | $1.90 / SF | < 30 |
| Little Havana | 100 | $10.54 / SF | < 30 |
| Mall of the Americas | 400 | $1.55 / SF | < 30 |
| Miami Airport Area | 500 | $2.07 / SF | 76 |
| Miami Beach | 400 | $2.62 / SF | 94 |
| Miami Design District | 600 | $2.24 / SF | 599 |
| Miami International Mall | 400 | $2.12 / SF | < 30 |
| Mid-Beach Miami | - | - | < 30 |
| Miramar | 500 | $2.15 / SF | < 30 |
| North Beach, FL | 400 | $3.00 / SF | 44 |
| Palm Beach | 200 | $4.04 / SF | 79 |
| Pembroke Pines | 500 | $2.15 / SF | < 30 |
| Pompano Beach | 900 | $1.61 / SF | 134 |
| Port St Lucie | 900 | $1.78 / SF | 43 |
| South Beach Miami | 400 | $2.26 / SF | < 30 |
| Town Square Miami | 100 | $4.86 / SF | < 30 |
| West Palm Beach | 200 | $4.28 / SF | 68 |
| Wynwood | 600 | $2.24 / SF | 636 |
*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.