The typical asking rate per listing is in the $20's per square foot per year. The University Drive submarket is seeing a a boost 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 region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 25 listings have been posted online, which means office spaces 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 posted, 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 region are approximately 3 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 market. Most of the occupants of University Drive work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.