On average, listings lease in the $130's per square foot per year. The Park of Commerce region is going through a an increase in rates. In the last 3 months, the median rate rose $103 per sqft per year. That's a 311% rise in rent.
Compared to the rest of the Gold Coast market, the Park of Commerce submarket 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 been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 600% of the office spaces in the Park of Commerce are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,430 sqft. Most buildings in this region are around 3 floors. 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 residents 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.