Most listings are in the $10's per square foot per year. The Port Malabar region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 19 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 790 sqft. Most buildings in this area are around 4 floors. Most buildings in this area were built in 1997 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the folk of Port Malabar work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.