Strength in Coconut Grove’s Limited Office Market

As anyone looking for office space in Coconut Grove can attest, finding space is no small task, and when you do, beware, it is a lessor’s market.  Development in the area has been dominated by high-end luxury condos, perhaps keeping new office space from being developed.

Vacancy is Declining

And rent is jumping!

As space is absorbed with no additional space added

Charts courtesy of CoStar.