The typical asking rate per listing is in the $40's per square foot per year. The Crafts region is experiencing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Gold Coast market, the Crafts submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 18 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 region are approximately 3 floors. Most buildings in this region were built in 1959 and are Class B.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Crafts residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.