The typical asking rate per listing is in the $20's per square foot per year. The Blue Lagoon West region is seeing a decrease in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 32% decrease in rent.
Compared to the rest of the Gold Coast market, the Blue Lagoon West submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 6 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 250% of the available space 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,310 sqft. Most buildings in this region are close to 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.