Most listings are in the $40's per square foot per year. The Park West submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $46 per sqft per year.
Compared to the rest of the Gold Coast market, the Park West submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 16 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Park West 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.
The standard measurement for office space in this area is around 1,580 sqft. Most properties in this area are close to 63 stories. Most buildings in this area were built in 2008 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Park West occupants. Commuting around 30 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 Park West.
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