On average, listings lease in the $20's per square foot per year. The Palm Aire region is experiencing a a rise in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Gold Coast market, the Palm Aire submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 0 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available space in the Palm Aire 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 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 790 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Palm Aire folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.