The typical asking rate per listing is in the $20's per square foot per year. The Botanica region is experiencing a a boost in rates. In the last 3 months, the median rate went up $26 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Gold Coast market, the Botanica submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,390 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market were built in 1990 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants of Botanica work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.