On average, listings lease in the $30's per square foot per year. The Park of Commerce submarket is going through a a boost in rates. In the last 3 months, the median rate went up $33 per sqft per year.
Compared to the rest of the Gold Coast market, the Park of Commerce submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,110 sqft. Most properties in this region are close to 3 stories. Most buildings in this area were built in 1998 and are Class A.
Public administration is the dominant industry in this region. Most of the occupants 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.