Retail Space in Coral Gables
Retail Space in Coral Gables. Coral Gables is Miami-Dade’s premier Class A office address, with high-street retail on Miracle Mile.
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Retail Space in Coral Gables
Retail value in Coral Gables is all about the corner — frontage, visibility, co-tenancy, and foot traffic move the number more than square footage. Most retail here is NNN, so taxes, insurance, and CAM on top of base rent are the figure that matters. I help you read the location and the full occupancy cost before you sign.
What the recorded Coral Gables retail sales say
One band, honestly reported: Coral Gables retail buildings under 2,500 SF carry a median of $612/SF across 20 recorded arm’s-length sales, 2021 through 2025.
Coral Gables retail — median price per square foot by building size. Recorded arm’s-length sales, 2021–2025.
| Building size | Sales | Median $/SF | Middle half | Median price |
|---|---|---|---|---|
| Under 2,500 SF | 20 | $612 | $509–$686 | $740,000 |
Swipe the table sideways to see every column.
Every figure here is a median of recorded arm’s-length sales. The thinnest band on this table rests on 20 of them, so treat it as a bearing, not a number to sign to.
One band is all the recorded data will support in Coral Gables. Everything outside it either has too few arm’s-length sales to publish or is a different market wearing the same label, and I would rather show you one honest row than four invented ones.
Hold size still and the spread is still wide. Inside the under 2,500 SF band the middle half of Coral Gables sales ran $509 to $686/SF — a 1.3× range on buildings of broadly the same size. That gap is condition, location and how the deal was made, and it is the part a table cannot price for you.
The same pattern runs through all three counties — I broke out every county and asset class in why small commercial buildings cost more per square foot. The band is the argument. Bring me an address and I will tell you which one it belongs in and what that means for the number — start at the value-my-property tool.
How I help
Tenant and buyer representation for retail space in Coral Gables — on your side, never the landlord’s. Start with Retail Space tenant rep, or get a specific building valued free at the BOV tool.
Run your own numbers
Estimate build-out with the buildout calculator, size a purchase with the borrowing-power and mortgage tools, and check a specific building against comps with the price benchmark — or request a free Broker Opinion of Value.
Medians from recorded arm’s-length commercial sales since 2022. Compiled by Justin Crow, Mattis Advisors — for reference, not an appraisal.
Frequently asked
What does retail space cost in Coral Gables?
Across 33 recorded retail sales since 2021, Coral Gables has traded roughly between $551 and $783/SF, with a midpoint near $618/SF — condition, size, and location move it. For a specific building, request a free Broker Opinion of Value.
What does NNN mean for retail rent?
NNN (triple-net) means you pay base rent plus your share of taxes, insurance, and common-area maintenance. Those add-ons can be a large slice of your true cost, so always price the fully-loaded gross number, not just base rent.
Do you help with retail space in Coral Gables?
Yes — tenant and buyer representation for retail space across Coral Gables and all of Miami-Dade County. I work for you; on lease deals the landlord pays my fee.
What does a 1,500 SF retail building cost in Coral Gables?
The under 2,500 SF band in Coral Gables carries a median of $612/SF across 20 recorded arm’s-length sales, so a 1,500 SF building prices out around $925,000 before you adjust for anything specific. The middle half of that band ran $509 to $686/SF, and condition, location and access move a building inside that range faster than size does.
Does building size change the price per square foot in Coral Gables?
Across South Florida it does, consistently — in every county and every asset class I have run, small buildings carry a higher price per square foot than large ones. Coral Gables retail has only 1 size band with enough recorded sales to publish, so the comparison has to be made against county-level figures rather than local ones.