On average, listings lease in the $140's per square foot per year. The River Place Condominiums submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $144 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Gold Coast market, the River Place Condominiums region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have been listed, which means spaces are probably 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 110 sqft. Most buildings in this region were built in 2005 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst River Place Condominiums folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.