Riviera Industrial

Riviera

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
1,370

Riviera Rates

Most listings are in the $40's per square foot per year. The Riviera region is experiencing a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year. That's a 80% rise in rent.

Compared to the rest of the Gold Coast market, the Riviera submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Riviera Listing Supply

In the last 90 days, 67 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the listings in the Riviera are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,370 sqft. Most buildings in this area are approximately 6 stories. Most buildings in this market were built in 1971 and are Class B.

Riviera Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Most of the residents of Riviera work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Riviera.
Research