City Center Office Space

City Center

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$61
Median Size (sqft)
1,990
As of: December 9, 2016

City Center Rates

The typical asking rate per listing is in the $60's per square foot per year. The City Center region is experiencing a an increase in rates. In the last 3 months, the median rate went up $61 per sqft per year.

Compared to the rest of the Gold Coast market, the City Center submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

City Center Listing Supply

In the last 90 days, 13 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available space in the City Center are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,990 sqft. Most properties in this market are approximately 6 floors. Most buildings in this region were built in 1957 and are Class A.

City Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst City Center occupants. 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 City Center.
Market Report

Market Data

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