The typical asking rate per listing is in the $130's per square foot per year. The Park of Commerce submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $136 per sqft per year.
Compared to the rest of the Gold Coast market, the Park of Commerce region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 400% of the office spaces in the Park of Commerce 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,430 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this area were built in 1999 and are Class A.
Public administration is the dominant industry in this market. Most of the residents of Park of Commerce work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.