On average, listings lease in the $30's per square foot per year. The North Shore region is seeing a an increase in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the Gold Coast market, the North Shore submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 0 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available space in the North Shore are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 400 sqft. Most buildings in this market were built in 1969.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst North Shore folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.