On average, listings lease in the $40's per square foot per year. The Pinecrest region is seeing a an increase in rates. In the last 3 months, the median rate rose $44 per sqft per year.
Compared to the rest of the Gold Coast market, the Pinecrest submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the listings in the Pinecrest are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,640 sqft. Most buildings in this area were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Pinecrest occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.