On average, listings lease in the $30's per square foot per year. The Beacon Center region is going through a an increase in rates. In the last 3 months, the median rate increased $34 per sqft per year.
Compared to the rest of the Gold Coast market, the Beacon Center region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Beacon Center 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 15,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market were built in 1990 and are Class A.
Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Beacon Center occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.