The typical asking rate per listing is in the $30's per square foot per year. The Pinecrest region is going through a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Gold Coast market, the Pinecrest 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, 42 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Pinecrest 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,690 sqft. Most buildings in this area are around 4 floors. Most buildings in this market were built in 1971 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 region. Commute by car is the most popular way to get to work amongst Pinecrest folk. Commuting close to 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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