Most listings are in the $40's per square foot per year. The Riviera region is seeing a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year. That's a 75% rise in rent.
Compared to the rest of the Gold Coast market, the Riviera submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,020 sqft. Most properties in this region are around 6 floors. Most buildings in this region 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. Professional services is the dominant industry in this market. Most of the residents of Riviera work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.