On average, listings lease in the $10's per square foot per year. The Motorola submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $15 per sqft per year.
Compared to the rest of the Gold Coast market, the Motorola region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 20 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 25,230 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market were built in 1982 and are Class B.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Motorola occupants. Commuting approximately 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 Motorola.
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