On average, listings lease in the $10's per square foot per year. The Motorola region is seeing a a boost in rates. In the last 3 months, the median rate increased $15 per sqft per year.
Compared to the rest of the Gold Coast market, the Motorola submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 0 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About Inf% of the available space in the Motorola are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 15,450 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area were built in 1982 and are Class B.
This area 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 residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.