Most listings are in the $30's per square foot per year. The Pinecrest region is going through a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Gold Coast market, the Pinecrest region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 42 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available leases in the Pinecrest are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 16,880 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this market were built in 1990 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Pinecrest residents. Commuting approximately 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 Pinecrest.
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