Coral Gables Office Market 2015 by JM Padron, CCIM
By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
The Coral Gables submarket continues to strengthen with office vacancy reaching historical lows and all time high sales prices being set. Most notably the Ponce de Leon Blvd corridor has experienced tremendous growth in multifamily, retail and office.Properties benefit from the acquisition and planned redevelopment of Douglas entrance. Among the relevant factors that contribute to the strength of the Coral Gables office market are: The institutional quality, amenities, easy access/egress, and proximity to the Miami International Airport. Companies are looking to consolidate their headquarters in the gables area. For instance HBO Latin America just consolidated its headquarters by leasing 70,000 square feet at 396 Alhambra Circle. Definitively Miami is the hub for Latin America, and the ...