Coral Gables Extends Lease at 338 Minorca Ave for 3 More Years (2026–2028) | Coral Gables Commission

COMMUNITY IMPACT

The city will continue occupying space at 338 Minorca Ave through at least 2028, maintaining whatever municipal services or operations are currently housed there without interruption. Residents who rely on services at that location will see no disruption in access. The three-year extension signals the city's continued commitment to that downtown Coral Gables address rather than relocating.

PROFESSIONAL ANALYSIS

This lease extension at 338 Minorca Ave locks in the city's tenancy through 2028, providing a three-year runway that stabilizes the landlord's rental income and removes near-term vacancy risk on the property. Real estate professionals tracking Coral Gables' municipal footprint should note the extension as evidence of sustained institutional demand in the Miracle Mile/Giralda corridor. Legal teams on both sides will need to execute an amended lease or formal extension agreement prior to the current term's expiration in 2025. No lease rate, square footage, or escalation clauses are disclosed in the commission record at this stage; those terms will surface in the executed agreement. This item is pending first commission action on November 18, 2025. The Signal: Landlord and neighboring commercial property owners at 338 Minorca Ave gain lease certainty through 2028, reinforcing institutional occupancy that supports surrounding retail and office valuations in the Coral Gables core.