Ofizzina Coral Gables – A brand new office building in Coral Gables

Ofizzina  – Brand new office, commercial and retail space in Coral Gables

Making your 9 − 5 a lot easier

Ofizzina in Coral Gables- A brand new office building in the glamorous city of Coral Gables which stands for different, smart, convenient, personal and exclusive.

Ofizzina in Coral Gables- A brand new office building in the glamorous city of Coral Gables which stands for different, smart, convenient, personal and exclusive.

Fast Facts on Ofizzina

 

  • Location: 1200 Ponce De Leon Blvd. Coral Gables, FL 33134
  • Type: Class A+*
    •  Class is usually used in conjuction with an office property and refers to the quality of property. Class definitions fall with the following guidelines.  Class A+: Landmark quality, highrise building with prime central business district locatation (the best of the Class A buildings).  Class A: Generally 100,000 sf or larger (five or more floors), concrete and steel construction, built since 1980, business/support amenities, strong identifiable location/access.  
  • Delivery: Fall 2015 – Fall 2017
  • Architect: Corwil Architects, Inc
  • Interior design: MKDA
  • Constructor: Beauchamp Construction Company
This brand new office building on a desired location in Coral Gables offers office, retail and commercial space and comes with a great set of amenities

This brand new office building on a desired location in Coral Gables offers office, retail and commercial space and comes with a great set of amenities

The Offices at Ofizzina

 

  • Total area: 254,449 Sq.Ft
  • 16 Floors
  • Office Spaces: 54
  • Office area: 96,000 Sq.Ft
  • Commercial spaces: 4
  • Commercial area:8,765 Sq.Ft
  • Amount of parking spaces: 332
  • Average rental prices for office space: $50 per Sq.Ft
  • Average rental prices for commercial space: $65 per Sq.Ft
The Ofizzina office building in Coral Gables

The Ofizzina office building in Coral Gables

Amenenities at Ofizzina in Coral Gables

 

  • Rooftop terrace
  • Corner office experience
  • 360º view
  • Fitness Room
  • Concierge
  • Italian Coffee lounge

 

Prices of Ofizzina

 

  • Floors 15-16: $800- $890 per Sq.Ft
  • Floors 12-14: $740 − $810 per Sq.Ft
  • Floors 9-11: $700 – $780 per Sq.Ft
  • Floors 2-8: $660 − $760 per Sq.Ft
  • Floor 1: $875 – $895 per Sq.Ft
East views from the rooftop at Ofizzina in Coral Gables

East views from the rooftop at Ofizzina in Coral Gables

Payment Schedule

Deposit due with Reservation Agreement: $50,000

  • 1st deposit due with contract: 20% of purchase price (balance due)
  • 2nd deposit due with construction commencement: 20% of purchase price
  • 3rd deposit due at top-off: 20% of purchase price
  • Closing: 40% of purchase price

 

The Miami Market for Office Space

 

Key takeaways from recent research by Costar Property

  • OFFICE MARKET GETTING STRONGER as the business recovery is in full swing; unemployment has dipped to 6%. Most tenants and businesses, especially the legal, financial, healthcare, and construction industries are in growth mode.
  • THE LEASING MARKET WILL REMAIN ACTIVE but some caution is worth mentioning as many tenants have already re-casted their leases early to longer terms and locked in today’s pricing. There are very few large tenant expirations left for the next 24 months.
  • RENTAL RATES WILL CONTINUE TO INCREASE as very few office buildings are being delivered over the next 24 months; rates will continue rising to 5-10% per year.
  • DEMAND FOR OFFICE INVESTMENTS BY INSTITUTIONS REMAINS STRONG and will continue forward. Prices have continued to increase as CAP rates have compressed.
  • OFFICE CONDO MARKET PRICES HAVE INCREASED FOR SMALLER, BOUTIQUE BUILDINGS. Some developers are now pre-selling units to foreign investors.
  • THE “FOR-SUBLEASE” MARKET IS NOT SIGNIFICANT and will remain stable for 201

 

Location of Ofizzina

 

1200 Ponce De Leon Blvd. Coral Gables, FL 33134

location 2

 

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FAQ

These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023. 

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!

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