The typical asking rate per listing is in the $30's per square foot per year. The Blue Lagoon West submarket is going through a a boost in rates. In the last 3 months, the median rate rose $40 per sqft per year.
Compared to the rest of the Gold Coast market, the Blue Lagoon West region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 6 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Blue Lagoon West 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,740 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 6 stories. Most buildings in this market were built in 1990 and are Class A.
Public administration is the dominant industry in this area. Most of the residents of Blue Lagoon West work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.