The typical asking rate per listing is in the $20's per square foot per year. The Margate submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decline in rent.
Compared to the rest of the Gold Coast market, the Margate region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 12 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,550 sqft. Most buildings in this region are close to 1 floors. Most buildings in this area were built in 1984 and are Class B.