Most listings are in the $20's per square foot per year. The Margate submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Gold Coast market, the Margate region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 65 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the office spaces in the Margate are subleases, so you might be able to find a shorter term or below market rent. 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 1,150 sqft. Most properties in this area are close to 1 stories. Most buildings in this market were built in 1984 and are Class B.
Real time and historical data on commercial real estate listings in Margate.
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