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.
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
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
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
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
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