Most listings are in the $20's per square foot per year. The University Drive region is seeing a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the Gold Coast market, the University Drive submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 24 listings have been posted online, which means new availabilities most likley are 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 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 2,050 sqft. Most properties in this market are approximately 4 floors. Most buildings in this area were built in 1988 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the occupants of University Drive work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.