Most listings are in the $40's per square foot per year. The Crafts submarket is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Gold Coast market, the Crafts region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 174 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the available space in the Crafts are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,300 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this region were built in 1959 and are Class A.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Crafts residents. Commuting approximately an hour 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 Crafts.
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