On average, listings lease in the $30's per square foot per year. The West Glen submarket is going through a an increase in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Gold Coast market, the West Glen region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 7 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the West Glen are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,200 sqft. Most properties in this region are approximately 1 stories. Most buildings in this region were built in 2003 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst West Glen occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.