Most listings are in the $30's per square foot per year. The Flagami region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Gold Coast market, the Flagami region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 6 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 233% of the available space in the Flagami are subleases, so you might be able to snag a great spot on a short term. 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 1,700 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Flagami residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.