On average, listings lease in the $30's per square foot per year. The North Ridge region is experiencing a a rise in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 36% increase in rent.
Compared to the rest of the Gold Coast market, the North Ridge submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,930 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 4 floors. Most buildings in this market were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst North Ridge occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.