The typical asking rate per listing is in the $40's per square foot per year. The University Commons region is going through a a rise in rates. In the last 3 months, the median rate increased $21 per sqft per year. That's a 107% rise in rent.
Compared to the rest of the Gold Coast market, the University Commons region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,010 sqft. Most buildings in this region were built in 2004 and are Class A.
Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst University Commons folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.