On average, listings lease in the $130's per square foot per year. The Ridgeview submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $101 per sqft per year. That's a 306% rise in rent.
Compared to the rest of the Gold Coast market, the Ridgeview region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 6 listings have been made available, which means new availabilities 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 240 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this market were built in 2006 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Ridgeview folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.