Coral Gables is a prime-tier Miami submarket with average asking rent around $68/sqft/yr.

  • Average asking rent: $68/sqft/yr.
  • Tier: prime.
  • Citywide Class A rent context: $78/sqft/yr ($78 USD).
  • Citywide vacancy: 11.8% — submarket-level availability is typically tighter at prime tier.

Coral Gables, Miami office rents and availability

Coral Gables is a prime-tier Miami submarket with average asking rent around $68/sqft/yr.

TL;DR

  • Average asking rent: $68/sqft/yr.
  • Tier: prime.
  • Citywide Class A rent context: $78/sqft/yr ($78 USD).
  • Citywide vacancy: 11.8% — submarket-level availability is typically tighter at prime tier.

Where rent sits

Coral Gables averages around $68/sqft/yr for Class A, against a citywide Class A index of 78. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Boutique HQ market with Latin American tilt. Latin American corporate HQs, law, professional services, healthcare.

Key facts

cityMiami
submarketCoral Gables
tierprime
averageRentLocal$68/sqft/yr
cityClassARentUsd$78/sqft/yr
cityVacancyPct11.8%

Frequently asked questions

What is the average Class A rent in Coral Gables, Miami?
Around $68/sqft/yr. The citywide Class A index sits at $78/sqft/yr.

Related

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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