Parkside Office Space

Parkside

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
6,000
As of: July 21, 2017

Parkside Rates

On average, listings lease in the $20's per square foot per year. The Parkside submarket is going through a an increase in rates. In the last 3 months, the median rate rose $26 per sqft per year.

Compared to the rest of the Gold Coast market, the Parkside region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Parkside Listing Supply

In the last 90 days, 2 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the Parkside are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 6,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1970 and are Class B.

Parkside Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Parkside folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Parkside.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Parkside.
Research