The typical asking rate per listing is in the $130's per square foot per year. The Park of Commerce submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $136 per sqft per year.
Compared to the rest of the Gold Coast market, the Park of Commerce submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 500% of the available leases in the Park of Commerce are subleases, so you might be able to snag a great spot on a short term. 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 1,430 sqft. Most properties in this market are around 3 stories. Most buildings in this area were built in 1999 and are Class A.
Public administration is the dominant industry in this market. Most of the folk of Park of Commerce work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.