Most listings are in the $40's per square foot per year. The Crafts region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Gold Coast market, the Crafts submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,090 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this region were built in 1964 and are Class B.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Crafts folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.