The typical asking rate per listing is in the $30's per square foot per year. The Embassy Lakes submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $34 per sqft per year.
Compared to the rest of the Gold Coast market, the Embassy Lakes submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 1,380 sqft. Most properties in this region are approximately 1 floors. Most buildings in this market were built in 2003 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Embassy Lakes residents. Commuting close to 20 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 Embassy Lakes.
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