Sunrise Office Space

Sunrise

Office Space Market Report

Number of Listings (last 90 days)
165
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
2,320
As of: August 22, 2017

Sunrise Rates

On average, listings lease in the $10's per square foot per year. The Sunrise submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 15% decrease in rent.

Compared to the rest of the Gold Coast market, the Sunrise region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Sunrise Listing Supply

In the last 90 days, 19 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 53% of the available space in the Sunrise are subleases, so you might be able to find a shorter term or below market rent. 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 2,320 sqft. Most properties in this market are close to 1 stories. Most buildings in this region were built in 1987 and are Class B.

Sunrise Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Sunrise occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Sunrise.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Sunrise.
Research