Most listings are in the $40's per square foot per year. The Douglas submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Gold Coast market, the Douglas submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 124 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the listings in the Douglas are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,130 sqft. Most buildings in this region are around 12 floors. Most buildings in this region were built in 1973 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Douglas residents. Commuting between 30 and 45 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 Douglas.
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