On average, listings lease in the $30's per square foot per year. The Spring Tree region is going through a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the Gold Coast market, the Spring Tree region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,280 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Spring Tree residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.