Coconut Grove, FL
Commercial Real Estate Market Trends & Data

$884 per SF Avg asking sale price
$62 per SF Avg asking lease rate
4,349 SF Avg unit lease size
7,131 SF Avg building size for sale
4.65% Average cap rate

Coconut Grove's Demographic Profile

Coconut Grove has 9,580 households and a median income of $119,076, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 21,865
# Households 9,580
Median age 44
Median household income $119,076
Avg household size 2.0
Renter-occupied housing units 3,956
5-year population change -1%

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Coconut Grove $756 6,723 SF 9.03%
Coral Gables $738 6,121 SF 9.03%
Key Biscayne $1,524 1,066 SF 5.89%
Pinecrest $631 8,651 SF 6.05%
Nearby Retail Markets Avg Cost/SF Typical Size
Coconut Grove $1,127 3,615 SF
Coral Gables $966 7,323 SF
South Miami $901 10,516 SF
Key Biscayne $1,524 1,066 SF
Pinecrest $850 6,575 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Coconut Grove $875 4,903 SF 2.46%
Coral Gables $560 10,162 SF 9.45%
Kendall $649 11,237 SF 5.78%

Commercial Properties For Sale in Coconut Grove

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Ponce De Leon Blvd Gables Portfolio

Coral Gables, FL

  • 2.46% Cap Rate
  • $4,295,000
For Sale

Offices at Grand Bay Plaza

Coconut Grove, FL 33133

  • 164,177 SF Office Building
  • $10,000,000
For Sale

First Professional Condominium

Coral Gables, FL 33146

  • 30,000 SF Office Building
  • $850,000
For Sale

First Professional Condominium

Coral Gables, FL 33146

  • 30,000 SF Office Building
  • 9.03% Cap Rate
  • $595,000
For Sale

Miami Development Site

Miami, FL 33145

  • 0.28 AC Lot
  • 1 Commercial Lot
  • $4,400,000
For Sale

Merrick Manor

Coral Gables, FL 33146

  • 286,906 SF Multifamily
  • $1,299,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Coconut Grove pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Coconut Grove $884 7,131 SF
Coral Gables $754 9,545 SF
South Miami $768 9,348 SF
West Miami $294 6,126 SF
Key Biscayne $1,524 1,066 SF

Multifamily Properties For Sale in Coconut Grove

For Sale

Merrick Manor

Coral Gables, FL 33146

  • 286,906 SF Multifamily
  • $1,299,000
For Sale

Santa Clara Apartments

Miami, FL 33133

  • 17,536 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Coconut Grove alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Coconut Grove or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Coconut Grove 21,865 9,580 44 $119,076 2 3,956 -1%
Coral Gables 47,641 19,232 43 $113,341 2 8,016 -1%
South Miami 11,448 4,598 40 $71,935 2 2,239 -2%
West Miami 7,425 2,859 42 $67,343 3 1,538 -1%
Key Biscayne 17,462 6,226 44 $168,106 3 2,119 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Coconut Grove, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Coconut Grove

View All Commercial Real Estate For Sale in Coconut Grove
Is Coconut Grove a good market for a first-time commercial real estate investor?

Coconut Grove offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Coconut Grove?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Coconut Grove. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Coconut Grove?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Coconut Grove. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Coconut Grove compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Coconut Grove. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Coconut Grove acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Coconut Grove, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends