What are median sale prices per square foot in Coral Gables (ZIPs 33134, 33146)?

ZIP 33134: $627 on 27 sales; ZIP 33146: $662 on 14 sales. A median mixes property types and ages, so compare the building to similar recorded sales.

How many bank REO transfers appear in the sales data for Coral Gables (ZIPs 33134, 33146)?

ZIP 33134: 4, with 27 arm’s-length sales; ZIP 33146: 0, with 14 arm’s-length sales. The count shows what was recorded, not what is for sale today.

Who owns commercial property in Coral Gables (ZIPs 33134, 33146)?

ZIP 33134: 77.8% held by entities, 5.8% out-of-state owners; ZIP 33146: 81.1% held by entities, 8.6% out-of-state owners. To reach an owner, you may need an entity’s registered agent or a mailing address outside Florida.

How old are commercial buildings in Coral Gables (ZIPs 33134, 33146)?

Median year built: ZIP 33134: 1973; ZIP 33146: 2007. Age alone doesn’t set condition, so check the roof, HVAC and electrical systems and their records.

What is the average building area per parcel in Coral Gables (ZIPs 33134, 33146)?

24.4 million SF ÷ 2,033 parcels ≈ 12,012 SF. An average can hide a few very large buildings.

Hypothetical: a 12,000 SF building in Coral Gables priced at the ZIP 33134 median of $627 per SF. What is the price?

12,000 × $627 = $7.52 million. That is arithmetic on a median, not an appraisal or an opinion of value.

Same hypothetical 12,000 SF building, with an assumed 7.5% cap rate. What NOI would $7.52 million need?

$7.52 million × 7.5% = $564,300 a year. The cap rate is an assumption for practice, so check the actual rent roll and expenses.

With $564,300 of NOI, what is the most annual debt service an assumed 1.25 DSCR allows?

$564,300 ÷ 1.25 = $451,440 a year. Lender terms vary, so treat 1.25 as an example.

ZIP 33146 has a median of $662 per SF and ZIP 33134 $627. What is the gap on a 12,000 SF building?

$35 × 12,000 = $420,000. ZIP medians can rest on few sales, so check what actually sold.

About how many industrial parcels are in Coral Gables (ZIPs 33134, 33146)?

ZIP 33134: 0.2% of 1,535 ≈ 3; ZIP 33146: 2.4% of 498 ≈ 12.

Corporate Office & Miracle Mile · Miami-Dade County

Coral GablesCommercial Real Estate Broker & Market Guide

Coral Gables is a planned city southwest of Downtown and home to many multinational regional headquarters, consulates and professional firms. Its downtown along Miracle Mile and Ponce de Leon Boulevard is one of the strongest suburban office markets in Florida.

Marketed by Michael R. Linton, Florida Broker #BK703722 · NCREA · CREIPS · REALTOR® · Serving Coral Gables commercial real estate.

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By the numbers · data as of November 7, 2026

Coral Gables commercial real estate by the numbers

The 2026 final tax roll lists 2,033 commercial and industrial parcels with 24.4 million square feet of buildings in Coral Gables (ZIPs 33134, 33146), with 41 arm’s-length sales on the roll. Median sale prices run $627–$662 per square foot by ZIP.

Commercial and industrial parcels

2,033

2026 final tax roll

Building square feet

24.4M

2026 final tax roll

Arm’s-length sales

on the roll sales file, excluding hotels

Median $/SF by ZIP

$627–$662

ZIP medians, 5+ sales

ZIP	Parcels	Bldg SF	Sales	Median $/SF	Median year built	Out-of-state owners	Bank REO
33134	1,535	19.8M	27	$627	1973	5.8%	4
33146	498	4.6M	14	$662	2007	8.6%	0

For context, Miami-Dade County as a whole has a median of $373 per square foot on 1,278 sales. Year to date through September 2026, the county median is $378, +3.0% from a year earlier.

Miami-Dade County Market Pulse

Asking-side listing data for every Florida county: inventory, days on market, price cuts and listing prices, from Realtor.com® Economic Research. These are listings, not closed sales.

Miami-DadeCounty · details →
Active listings
17,010
down −7.9% YoY
Median days on market
87 days
Listings with price cuts
12.9%
Median listing $/SF
$458
Listing price, YoY
down −1.3%
Median listing price $589K
Market condition
Balanced
vs. Florida statewide^*
Source: Realtor.com® Economic Research, September 2026.

How these figures are calculated

* Market condition. Market condition compares a county's share of active listings with a price reduction and its median days on market with the Florida statewide figures Realtor.com publishes for the same month. Both above the statewide figure: leaning buyer's market. Both below: leaning seller's market. Anything else, including a tie or one missing metric: balanced. Both metrics missing, or no statewide figure for that month: shown as —. This is a read of asking-side listing data only; it is not months of inventory or a measure of closed sales. Florida statewide, September 2026: 20.1% of listings with a price cut, 81 median days on market. Methodology · Data dictionary

Residential. Realtor.com® Economic Research, monthly. Listing counts, days on market and listing prices come from the monthly history; price-cut share and $/SF are stored for the latest month (September 2026) only. Earlier months show the snapshot for that month, not an average. YoY compares a month with the same month a year earlier; for September 2026 it uses Realtor.com's published YoY figures.

Commercial. Florida Department of Revenue tax roll (NAL/SDF) and Florida Department of State (Sunbiz), via LGData; Linton Global calculations. Commercial (DOR 010-039) and industrial (040-049) parcels. Sales and $/SF = arm's-length single-parcel sales (DOR qualification codes 01-02) on the current roll, excluding hotels/motels (DOR 039, which in resort counties includes condo-hotel and vacation-rental units). Areas with fewer than 5 parcels, and $/SF medians from fewer than 5 sales, are suppressed.

The full Miami-Dade County report

Study mode · 11 flash cards

Coral Gables Commercial Real Estate

11 cards from the numbers above. Worked examples are hypothetical.

This market in numbers 5Work the numbers 6

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This market in numbers

How much commercial property is in Coral Gables (ZIPs 33134, 33146)?: The 2026 final tax roll lists 2,033 commercial and industrial parcels with 24.4 million square feet of buildings.
What are median sale prices per square foot in Coral Gables (ZIPs 33134, 33146)?: ZIP 33134: $627 on 27 sales; ZIP 33146: $662 on 14 sales. A median mixes property types and ages, so compare the building to similar recorded sales.
How many bank REO transfers appear in the sales data for Coral Gables (ZIPs 33134, 33146)?: ZIP 33134: 4, with 27 arm’s-length sales; ZIP 33146: 0, with 14 arm’s-length sales. The count shows what was recorded, not what is for sale today.
Who owns commercial property in Coral Gables (ZIPs 33134, 33146)?: ZIP 33134: 77.8% held by entities, 5.8% out-of-state owners; ZIP 33146: 81.1% held by entities, 8.6% out-of-state owners. To reach an owner, you may need an entity’s registered agent or a mailing address outside Florida.
How old are commercial buildings in Coral Gables (ZIPs 33134, 33146)?: Median year built: ZIP 33134: 1973; ZIP 33146: 2007. Age alone doesn’t set condition, so check the roof, HVAC and electrical systems and their records.

Work the numbers

What is the average building area per parcel in Coral Gables (ZIPs 33134, 33146)?: 24.4 million SF ÷ 2,033 parcels ≈ 12,012 SF. An average can hide a few very large buildings.
Hypothetical: a 12,000 SF building in Coral Gables priced at the ZIP 33134 median of $627 per SF. What is the price?: 12,000 × $627 = $7.52 million. That is arithmetic on a median, not an appraisal or an opinion of value.
Same hypothetical 12,000 SF building, with an assumed 7.5% cap rate. What NOI would $7.52 million need?: $7.52 million × 7.5% = $564,300 a year. The cap rate is an assumption for practice, so check the actual rent roll and expenses.
With $564,300 of NOI, what is the most annual debt service an assumed 1.25 DSCR allows?: $564,300 ÷ 1.25 = $451,440 a year. Lender terms vary, so treat 1.25 as an example.
ZIP 33146 has a median of $662 per SF and ZIP 33134 $627. What is the gap on a 12,000 SF building?: $35 × 12,000 = $420,000. ZIP medians can rest on few sales, so check what actually sold.
About how many industrial parcels are in Coral Gables (ZIPs 33134, 33146)?: ZIP 33134: 0.2% of 1,535 ≈ 3; ZIP 33146: 2.4% of 498 ≈ 12.

Source: Florida Department of Revenue tax roll and Florida Department of State, via LGData; Linton Global calculations. Commercial and industrial parcels; sales are arm’s-length, single-parcel transfers, excluding hotels and motels. Medians from fewer than 5 sales are not shown, and a small sample can swing a ZIP median, so read each one with its sales count. * Fewer than 10 sales.

Live market data · refreshed as each source publishes

Coral Gables: key facts for September 2026

In September 2026, the median listing price in Miami-Dade County was $589K, down 1.3% from a year earlier, with 17,010 homes for sale (Realtor.com).
FHFA’s house price index for Miami-Dade County rose 2.8% in 2025.
Investors took out 19.8% of home-purchase mortgages in Miami-Dade County in 2025 (HMDA; cash purchases not included).
Miami-Dade County had 1,276,535 jobs (2025 annual average), up 1.5% from the prior year (BLS QCEW).
The unemployment rate was 1.9% in September 2026 (BLS, not seasonally adjusted).
Permits were issued for 8,775 housing units in January–September 2026, down 19.9% from the same months a year earlier (U.S. Census Bureau).

Open the Miami-Dade County market report →Miami-Dade County data & trends Explore on the Market Map

ZIP code snapshot for Coral Gables

Listing data for September 2026 (Realtor.com) · HUD Fair Market Rent FY2027. *Share of home-purchase mortgages for investment property (2025, HMDA, estimated from census tracts; cash purchases not included). Open any ZIP for its full report.

ZIP	Area	Median list price	vs. last year	Homes for sale	HUD 2BR rent	Investor share*
33134	Miami	$1.04M	−12.6%	173	$2,860/mo	18.6%	Report →
33146	Miami	$2.30M	+39.8%	70	$3,850/mo	10.9%	Report →

Sources: Realtor.com® Economic Research, FHFA, U.S. Bureau of Labor Statistics, U.S. Census Bureau. County-level figures; informational only, not an appraisal.

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Coral Gables: Market Overview

Coral Gables has long been a base for Latin American regional headquarters of multinational companies, along with law, accounting and finance firms. Office stock ranges from historic low-rise buildings to modern towers.

Miracle Mile and the Shops at Merrick Park anchor retail. The University of Miami campus sits at the city’s southern edge and drives research, healthcare and housing demand.

Strict design standards and zoning keep supply limited and maintain values, which makes Coral Gables a steady, institution-friendly market.

Economic Drivers

Multinational Regional HQs

Latin American headquarters of global companies

Professional Services

Law, accounting, finance and consulates

University of Miami

Campus, research and health system

Miracle Mile & Merrick Park

Main-street and regional luxury retail

Asset Class Activity in Coral Gables

Asset Class	Activity	Market Commentary
Office	Strong	Stable corporate and professional tenancy
Retail	Strong	Main-street retail and Merrick Park
Medical Office	Strong	Doctors’ Hospital and University of Miami Health
Multifamily	Selective	Limited supply; luxury and student-adjacent product

Why Invest in Coral Gables?

Coral Gables combines corporate tenancy, limited supply and long-term value stability. Opportunities are usually older office buildings that need updating to compete.

Frequently Asked Questions

Is Michael R. Linton a licensed commercial real estate broker in Coral Gables?

Yes. Michael R. Linton is a Florida-licensed commercial real estate broker (FL Broker #BK703722) with 39 years of transaction experience, serving Coral Gables and the broader Miami-Dade County market. He holds NCREA (National Commercial Real Estate Advisor), CREIPS (Certified Real Estate Investment Property Specialist), and REALTOR® credentials, and advises investors, owners, and tenants on multifamily, office, industrial, retail, hospitality, land, mixed-use, medical office, self storage, and special-purpose commercial real estate in Coral Gables.

How do I contact a commercial real estate broker in Coral Gables?

Contact Michael R. Linton at Linton Global Solutions — (312) 612-1031 or mike@lintonglobal.com — for a free Coral Gables commercial real estate consultation. Linton Global Solutions serves Coral Gables across all major asset classes and represents both buy-side and sell-side principals, plus 1031 exchange replacement-property sourcing.

Why do companies put offices in Coral Gables?

Its downtown has long hosted Latin American regional headquarters, consulates and professional firms, with a quieter setting than Brickell and easy access to the airport.

Who can help with Coral Gables commercial real estate?

Michael R. Linton, Florida Broker #BK703722, and Linton Global Solutions advise on Coral Gables acquisitions, dispositions, financing and bank-owned (REO) and distressed commercial property. Our Miami-Dade numbers come from LGData, our database of Florida Department of Revenue tax-roll records.