Coral Gables , Florida Commercial Real Estate 1 Listing

Coral Gables, Florida: A Premier Destination for Commercial Real Estate

Introduction

Coral Gables, Florida, often referred to as "The City Beautiful," stands as a premier destination for commercial real estate (CRE) investment. Known for its Mediterranean-style architecture and lush greenery, Coral Gables spans approximately 13.1 square miles and plays a critical role in the Greater Miami area's economy. The city's economic landscape is bolstered by robust finance, healthcare, and education sectors, making it a unique hub for diverse CRE opportunities.

Economic and Industry Overview

Coral Gables hosts a vibrant economic ecosystem with major industries including finance, healthcare, and education. The city is home to the University of Miami, which not only drives demand for office spaces but also innovation and research facilities. The healthcare sector is bolstered by institutions like Baptist Health South Florida, creating a steady demand for medical office and research spaces. Coral Gables' financial district attracts a range of banking and investment firms, increasing the demand for premium office spaces.

Regional economic development initiatives, such as the Coral Gables Chamber of Commerce, actively support business growth and attract new enterprises, further driving the city's commercial real estate market.

Strategic Location and Transportation Infrastructure

Coral Gables boasts strategic connectivity via major transportation networks. The city is accessible via the US-1 highway and is in close proximity to Miami International Airport, just a 15-minute drive away. The airport serves as a major international gateway, offering logistical advantages for businesses requiring swift global access.

Additionally, Coral Gables benefits from the Miami-Dade Transit system, which provides efficient public transportation solutions, enhancing accessibility to labor pools across the region.

Commercial Real Estate Inventory & Zoning

The Coral Gables CRE market is characterized by several key submarkets, including the Central Business District (CBD), which is a hotspot for office and retail spaces. The city's zoning policies, accessible via the City of Coral Gables Zoning Map, support a blend of commercial and mixed-use developments. Notably, the city offers incentives for developers focusing on sustainable and innovative projects.

Key asset classes in Coral Gables include: - Office Spaces: High demand in the CBD and financial district. - Retail Spaces: Premium shopping destinations along Miracle Mile. - Medical Offices: Proximity to healthcare institutions. - Multifamily Properties: Commercial-grade developments catering to professionals and students.

Major Employers and Institutions

Coral Gables is anchored by major employers and institutions that drive CRE demand: - University of Miami: A leading research university contributing to demand for educational and research facilities. - Baptist Health South Florida: A significant healthcare provider requiring extensive medical office space. - Bacardi USA: An international beverage company with headquarters in Coral Gables.

For a comprehensive list of major employers, visit the Coral Gables Economic Development site.

Notable Commercial Developments & Projects

Significant developments in Coral Gables include the mixed-use project, The Plaza Coral Gables, which integrates office, retail, and residential spaces. The city also hosts Opportunity Zones that incentivize investment in designated areas, fostering economic growth and urban development.

For more information on current projects, visit the Coral Gables Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Coral Gables offers a suite of resources: - Building and Safety Department - Permitting Portals - Parcel Map Viewer / GIS - Planning Commission - Development Code

Market Data & Economic Reports

Investors can access valuable data through public resources like census.gov and the city's Open Data Portal. Brevitas utilizes AI-powered aggregation of public data and internal insights to provide comprehensive market intelligence. Explore our Brevitas-powered dashboards for detailed insights into Coral Gables' CRE market.

Why Use Brevitas for Coral Gables, Florida CRE?

Brevitas offers a cutting-edge platform for discovering CRE opportunities in Coral Gables. Our AI-driven solutions provide: - Real-Time Market Alerts - Smart Property Pages - Dealroom Collaboration

Unique features include: - Auto-Generated Listing Pages - Email and Landing Page Tools - Integration with Brokers and Developers - Exclusive Listings and Premium Exposure