Commercial Real Estate Market in Gables, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
4,506 active listings and 31,794 off-market properties in Gables, FL. Commercial property asks $436/SF to buy and $35.18/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Gables, FL asks $40.27/SF/Yr to lease. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Gables, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial space in Gables, FL asks $23.35/SF/Yr to lease. Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Multifamily
Multifamily space in Gables, FL asks $429/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Tools
Lease vs Buy Breakeven
At $35.18/SF/Yr lease vs $436/SF buy → buying wins if held > 2.2 years.
The comparison uses county-wide sale comps against Gables asking rents, so the implied 8.1% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pinecrest | $436 (county avg) | — |
| Kendall | $436 (county avg) | — |
| Palmetto Bay | $436 (county avg) | — |
| South Miami | $436 (county avg) | $45.75 |
Commercial property in Gables, FL asks $436/SF. The 4 bordering markets run from $436/SF in Pinecrest to $436/SF in Pinecrest, and the city sits in line with their $436/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gables?
Commercial property in Gables, FL asks an average of $436 per square foot. The 7 most recent recorded sales traded at a median of $552/SF. Multifamily carries the highest asking price at $429/SF.
How much does it cost to lease commercial space in Gables?
Asking lease rates in Gables, FL average $35.18 per square foot per year. Office asks $40.27/SF/Yr as of Q2 26, up from $35.60/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in Gables?
Buying beats leasing in Gables, FL if the property is held longer than 2.2 years, comparing $35.18/SF/Yr asking rent with $436/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Gables compare to nearby markets on price?
Gables, FL asks $436/SF against $436/SF in Pinecrest, $436/SF in Kendall, $436/SF in Palmetto Bay and $436/SF in South Miami.
Where does Realmo's Gables market data come from?
Realmo compiles Gables, FL figures from 7 recent recorded sales, 2,977 active sale listings, 1,529 active lease listings, 31,794 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2,977 active for-sale and 1,529 active for-lease listings in Gables, FL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
