Compared to the rest of the Gold Coast market, the Palm Aire submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 24 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 4% of the available leases in the Palm Aire 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.
The standard measurement for office space in this area is around 790 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Palm Aire occupants. Commuting between 20 and 25 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 Palm Aire.
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