The typical asking rate per listing is in the $20's per square foot per year. The Palm Aire submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 21% decrease in rent.
Compared to the rest of the Gold Coast market, the Palm Aire region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 15,340 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region 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 region. 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.