The typical asking rate per listing is in the $50's per square foot per year. The Crafts region is experiencing a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Gold Coast market, the Crafts region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 18 listings have been listed, which means new listings are probably going fast. 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 1,500 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1959 and are Class B.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this region. 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.