The typical asking rate per listing is in the $10's per square foot per year. The R and D Park submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Gold Coast market, the R and D Park region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been posted online, which means listings might be 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region were built in 2005 and are Class A.
Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst R and D Park folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.