Most listings are in the $40's per square foot per year. The Riviera region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Gold Coast market, the Riviera region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,450 sqft. Most properties in this area are around 6 stories. Most buildings in this market were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Most of the occupants of Riviera 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.