On average, listings lease in the $40's per square foot per year. The Twin Acres region is going through a a boost in rates. In the last 3 months, the median rate increased $14 per sqft per year. That's a 44% increase in rent.
Compared to the rest of the Gold Coast market, the Twin Acres region has higher 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 office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available space in the Twin Acres are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,880 sqft. Most properties in this market are close to 4 stories. Most buildings in this market were built in 2001 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Twin Acres occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.