On average, listings lease in the $20's per square foot per year. The Blue Lagoon West submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Gold Coast market, the Blue Lagoon West region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,950 sqft. Most properties in this region are around 6 stories. Most buildings in this area were built in 1990 and are Class A.
Public administration is the dominant industry in this area. Most of the folk 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.