Most listings are in the $30's per square foot per year. The Pinecrest region is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Gold Coast market, the Pinecrest region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Pinecrest 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 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 1,690 sqft. Most buildings in this market were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Pinecrest occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.