On average, listings lease in the $30's per square foot per year. The South Corals region is going through a a boost in rates. In the last 3 months, the median rate went up $35 per sqft per year.
Compared to the rest of the Gold Coast market, the South Corals submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 19 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 5% of the available space in the South Corals are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,400 sqft.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst South Corals occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in South Corals.
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