On average, listings lease in the $20's per square foot per year. The Twin Acres submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Gold Coast market, the Twin Acres submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available leases in the Twin Acres are subleases, so you might be able to find a shorter term or below market rent. 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 1,810 sqft. Most buildings in this region are approximately 19 stories. Most buildings in this region were built in 2001 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Twin Acres occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.