On average, listings lease in the $10's per square foot per year. The Westgate region is experiencing a a rise in rates. In the last 3 months, the median rate went up $14 per sqft per year.
Compared to the rest of the Gold Coast market, the Westgate submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 47 listings have been posted online, so you'll want to check back regularly for new listings. About 13% of the available leases in the Westgate are subleases, so you might be able to snag a great spot on a short term. 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 550 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this area were built in 2006 and are Class A.
Real time and historical data on commercial real estate listings in Westgate.
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