The typical asking rate per listing is in the $60's per square foot per year. The City Center region is experiencing a a boost in rates. In the last 3 months, the median rate rose $61 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Gold Coast market, the City Center region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 13 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 8% of the available space in the City Center are subleases, so you will probably have to consider a longer term lease. 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 1,990 sqft. Most buildings in this area are approximately 6 floors. Most buildings in this market were built in 1957 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst City Center occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.