Most listings are in the $30's per square foot per year. The Progresso Village region is experiencing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Gold Coast market, the Progresso Village region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 0 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About NaN% of the available space in the Progresso Village are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 500 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Progresso Village folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.