On average, listings lease in the $30's per square foot per year. The Pinecrest region is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Gold Coast market, the Pinecrest region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 42 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available space in the Pinecrest 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 available, so finding a space for a small business might be tough.
Even though the median size is 16,880 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this area were built in 1990 and are Class B.
Real time and historical data on commercial real estate listings in Pinecrest.
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