Margate Retail

Margate

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
1,150

Margate Rates

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.

Margate Listing Supply

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.

Margate Community

Market Data

Real time and historical data on commercial real estate listings in Margate.
Research