Coconut Grove, Florida Commercial Real Estate 0 Listings

Coconut Grove, Florida: A Premier Destination for Commercial Real Estate

Introduction

Coconut Grove, Florida, is a dynamic and vibrant neighborhood that has become a prime location for commercial real estate (CRE) investment. Situated within the city of Miami, Coconut Grove offers a unique blend of historical charm and modern business potential. With a strong economy centered around tourism, retail, and professional services, the area is seeing a growing demand for various commercial property types, including office, retail, and mixed-use developments. Its strategic location and robust infrastructure make Coconut Grove an attractive hub for CRE professionals.

Economic and Industry Overview

Coconut Grove's economy is diverse, driven primarily by industries such as tourism, retail, and professional services. The neighborhood's proximity to Miami's central business district enhances its attractiveness to businesses looking to capitalize on the area's affluence and foot traffic. The presence of regional economic development agencies, such as the Miami-Dade Beacon Council, supports initiatives that drive commercial growth and sustainability in the Grove.

Strategic Location and Transportation Infrastructure

Coconut Grove benefits from excellent transportation infrastructure, including access to major highways like US-1 and the nearby I-95, facilitating seamless connectivity to larger markets in South Florida. The area is served by Miami International Airport, a major hub for domestic and international flights, and the Port of Miami, which is integral for freight and logistics. Public transportation options, including the Metrorail and local bus services, provide convenient access for commuters and a robust labor pool. For more information, visit the Miami-Dade Department of Transportation and Public Works.

Commercial Real Estate Inventory & Zoning

Coconut Grove's commercial real estate market is characterized by its diverse submarkets, including the central business district and burgeoning retail corridors. Key asset classes include retail spaces, office buildings, and mixed-use developments. Recent zoning changes have introduced overlays that encourage higher density and mixed-use projects, fostering a dynamic urban environment. For zoning maps and parcel viewers, explore the City of Miami Zoning Maps.

Major Employers and Institutions

Several key employers and institutions drive CRE demand in Coconut Grove. Notable employers include Mercy Hospital and a range of financial service firms and law offices. The University of Miami, located nearby, also contributes to the demand for office and retail spaces. For a comprehensive list, visit the Miami-Dade Economic Development Directory.

Notable Commercial Developments & Projects

Coconut Grove is home to several large-scale commercial developments, including mixed-use projects like CocoWalk, a premier retail and entertainment destination. Moreover, public-private partnerships and designated Opportunity Zones offer attractive incentives for CRE investors. For more details on planning and approved site maps, check out the City of Miami Planning Department.

Building Permits, Planning, and Development Tools

Market Data & Economic Reports

Public data sets available through census.gov and the City of Miami Open Data Portal provide valuable insights into market trends and economic impacts. Brevitas uses AI-powered aggregation from public data and internal insights to offer the most comprehensive overview of the Coconut Grove CRE market. Explore our Brevitas-powered dashboards for more detailed information.

Why Use Brevitas for Coconut Grove, Florida CRE?

Brevitas offers a cutting-edge platform for CRE discovery in Coconut Grove, utilizing AI-driven insights, real-time market alerts, and smart property pages. Our features include: