The typical asking rate per listing is in the $20's per square foot per year. The The Hammocks submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 24% increase in rent.
Compared to the rest of the Gold Coast market, the The Hammocks region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 12 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 560 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 2008 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst The Hammocks folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.