Coral Gables, FL
Commercial Real Estate Market Trends & Data

$757 Avg asking sale price
$81 Avg asking lease rate
9,509 SF Avg unit lease size
9,287 SF Avg building size for sale
5.27% Average cap rate

Coral Gables's Demographic Profile

Coral Gables has 19,232 households and a median income of $113,341, 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 47,641
# Households 19,232
Median age 43
Median household income $113,341
Avg household size 2.0
Renter-occupied housing units 8,016
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Coral Gables, FL

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Coral Gables $736 7,038 SF 6.00%
Pinecrest $627 7,916 SF 6.05%
Kendall $524 14,004 SF 6.66%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Kendall $368 9,107 SF 8.00%
Village Of Palmetto Bay $378 5,041 SF 6.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Coral Gables $864 7,814 SF
South Miami $766 5,917 SF
Pinecrest $778 7,060 SF
Coconut Grove $962 3,847 SF
West Miami $428 17,360 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Coral Gables $541 12,104 SF 9.45%
Kendall $649 11,237 SF 5.78%
Village Of Palmetto Bay $611 28,371 SF 5.78%

Commercial Properties For Sale in Coral Gables

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

Sunset Station - Suite 100

Miami, FL 33143

  • 56,500 SF Office Building
  • $4,530,000
For Sale

Miami - Blue Lagoon

Miami, FL 33127

  • 7 AC Lot
  • 1 Residential Income Lot
  • Price Upon Request
For Sale

Ludlam Enterprises, LLC

Miami, FL 33155

  • 0.36 AC Lot
  • 1 Commercial Lot
  • $4,000,000
For Sale

3800 SW 8th St

Coral Gables, FL 33134

  • 3,259 SF Retail Building
  • $2,500,000
For Sale

555 Medical Center Suite 205

Coral Gables, FL 33134

  • 2,063 SF Office Building
  • $1,500,000
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

How Investors Evaluate Commercial Real Estate Markets

Where Multifamily Asking Prices Are Rising and Falling in 2026
Where Multifamily Asking Prices Are Rising and Falling in 2026
LoopNet listing data from November 2025 through March 2026 reveals a supply-driven split in multifamily asking prices across U.S. markets, and what it means for investors deciding where to buy.
Online Auctions vs. Traditional Sales
Online Auctions vs. Traditional Sales
Learn how you can strategically use the two transaction methods to achieve stronger outcomes, whether that's a faster deal, maximized sales price, or a low risk of fallouts.
What Are Leasehold Improvements?
What Are Leasehold Improvements?
A complete guide to leasehold improvements, including what qualifies, who owns them, how they affect taxes, and how to maximize their value.
Straight-Line Depreciation in Commercial Real Estate
Straight-Line Depreciation in Commercial Real Estate
Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
Small vs. Large Multifamily Real Estate Investing
Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
How to Buy a Duplex
How to Buy a Duplex
Breaking down every stage of buying a duplex, from budgeting and financing to agent selection and market analysis, ensuring you make an informed investment decision.
Spec Suites: A Powerful Tool in the Battle To Fill Office Space
Spec Suites: A Powerful Tool in the Battle To Fill Office Space
New Space, Quick Occupancy, No Construction
Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Coral Gables $757 9,287 SF
South Miami $733 9,777 SF
Pinecrest $950 7,773 SF
Coconut Grove $1,257 8,221 SF
West Miami $294 6,126 SF

Multifamily Properties For Sale in Coral Gables

For Sale

Merrick Manor

Coral Gables, FL 33146

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

Gables Galiano

Coral Gables, FL 33134

  • 45,980 SF Multifamily
  • $20,000,000
For Sale

300 Majorca Ave

Coral Gables, FL 33134

  • 36,808 SF Multifamily
  • 4.00% Cap Rate
  • $12,750,000
For Sale

Santa Clara Apartments

Miami, FL 33133

  • 17,536 SF Multifamily
  • Price Upon Request
For Sale

Retail/Office in Coral Gables, Miami

Miami, FL 33145

  • 1,107 SF Multifamily
  • 6.00% Cap Rate
  • $499,900

Regional Demographic Comparison

This comparison places Coral Gables 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 Coral Gables or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
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%
Pinecrest 17,071 5,667 44 $158,282 3 1,266 -3%
Coconut Grove 21,865 9,580 44 $119,076 2 3,956 -1%
West Miami 7,425 2,859 42 $67,343 3 1,538 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Coral Gables, 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 Coral Gables

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

Coral Gables 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 Coral Gables?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Coral Gables. 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 Coral Gables?

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

How does Coral Gables compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Coral Gables. 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 Coral Gables acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Coral Gables, 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 Cities
Commercial Market Reports