Most listings are in the $40's per square foot per year. The Industrial Section region is going through a an increase in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Gold Coast market, the Industrial Section submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 0 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Industrial Section 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,050 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 5 stories. Most buildings in this market were built in 2002 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Industrial Section occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.