The typical asking rate per listing is in the $30's per square foot per year. The Peninsula Corporate Center region is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Gold Coast market, the Peninsula Corporate Center submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 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. About 300% of the listings in the Peninsula Corporate Center 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.
Even though the median size is 13,970 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 3 stories.
This area is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this area. Most of the occupants 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.