The typical asking rate per listing is in the $40's per square foot per year. The Crafts submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Gold Coast market, the Crafts region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 19 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,450 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 1959 and are Class B.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Crafts occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.