On average, listings lease in the $20's per square foot per year. The Marina West submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Gold Coast market, the Marina West submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 4 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 175% of the office spaces in the Marina West 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.
Even though the median size is 8,460 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1997 and are Class A.
Wholesale trade is the dominant industry in this market. Most of the folk of Marina West work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.