Why Coral Gables

Coral Gables is one of Miami’s most established and upscale retail districts, anchored by the historic Miracle Mile and surrounding streets. Known for its Mediterranean-style architecture, tree-lined boulevards, and affluent residential base, Coral Gables offers a stable, high-spending consumer market.

Unlike Miami Beach or Wynwood, Coral Gables retail demand is driven less by tourism and more by local residents and professionals, creating steady long-term value for both tenants and investors.

Market snapshot

• Rents: Coral Gables retail averages $45–$70/SF NNN along Miracle Mile, with boutique and restaurant spaces commanding $80–$100+/SF in premium locations.

• Vacancy: Historically low; the district is supported by consistent demand from restaurants, national retailers, and boutiques.

• Demand Drivers: Affluent residents, University of Miami, corporate offices, and cultural institutions.

• Trends: Growth in chef-driven restaurants, wellness/fitness concepts, and boutique fashion/lifestyle stores.

• Investment Angle: Steady rents and a strong residential base make Coral Gables one of Miami-Dade’s most resilient retail markets.

Typical product & users

• Miracle Mile storefronts: boutique shops, fashion, jewelry, lifestyle brands.

• Restaurant spaces: fine dining, chef-driven concepts, neighborhood cafes.

• Inline spaces: services, wellness, and daily-use retail.

• Mixed-use projects: retail at the base of luxury condos and office towers.

• Explore sizes:

  • 1k–5k SF

  • 5k–10k SF

  • 10k–20k SF

  • 20k–50k SF

  Location advantages

  (why tenants choose Coral Gables)

  • Advisory on site selection in Miracle Mile and Giralda Avenue.

  • Access to off-market boutique and restaurant spaces.

  • Negotiation of TI packages in mixed-use developments.

  • Positioning your brand in an affluent, stable district.

  For tenants: how we help

  • • Short-list in 24–48 hours across small-bay and mid-box

    • Leverage current concessions in submarkets with new supply

    • Compare clear heights, dock packages, power, yard quickly

    • Line up TI scopes & timelines and coordinate vendors

    • Negotiate flexible renewal/expansion options

For owners & investors: why Hialeah works

• Durable occupier demand from last-mile, aviation supply chain, and food logistics

• Liquidity: steady buyer pool; institutional and private 1031 capital active county-wide

• Value creation: light capex upgrades (LEDs, docks, offices) improve lease-up & rents

• Near-term buy window: select micro-pockets show higher vacancy due to deliveries—timely acquisitions before absorption closes the gapX market

Featured areas inside Hialeah

• NW 138th St / W 84th St (I-75 corridor)—visibility + immediate interstate access (I-75 Business Park, etc.).

• Okeechobee Rd (US-27)—distribution spine serving county-wide routes. 

• Gratigny Pkwy / Palmetto junction—fast links east-west and to Airport West. 

• Airport West Medley Doral

  Listings & Tours

  VIVA gives you on-market and exclusive off-market Hialeah options—small-bay, mid-box, and yard/parking sites.

  • Search Industrial Listings

  • Ask for Off-Market Deals

FAQs

Q1: What are typical asking rents in Hialeah?

A: County-wide industrial asks sit roughly in the mid-$15s to high-$16s/SF NNN depending on size and spec; Hialeah small-bay/infill often commands a premium. 

Q2: Is vacancy up or down right now?

A: Miami-Dade vacancy normalized to ~6.3% in Q2’25 after heavy deliveries, with some micro-areas (Medley/Hialeah Gardens) higher due to new supply—good leverage for tenants. 

Q3: What sizes are most common in Hialeah?

A: Small-bay (1k–10k SF) dominates, with a healthy stock of 10k–50k SF mid-box distribution buildings and select sites offering yard/truck parking.

Q4: Who are the typical users?

A: Logistics/3PL, trades, e-commerce, aviation suppliers, food & perishables—all drawn by MIA/Port connectivity and workforce access. 

Q5: Why pick Hialeah over Doral or Medley?

A: Lower average rents than prime Class-A Airport West/Doral, faster drive-times to north/south corridors, and robust small-bay options; Medley suits heavy industrial & larger boxes.