The typical asking rate per listing is in the $30's per square foot per year. The Peninsula Corporate Center region is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Gold Coast market, the Peninsula Corporate Center submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Peninsula Corporate Center 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 670 sqft. Most buildings in this market are close to 3 floors.
This region is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this area. Most of the residents of Peninsula Corporate Center work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.