Most listings are in the $20's per square foot per year. The Madeira submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year.
In the last 90 days, 0 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the Madeira are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region were built in 2004.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Madeira residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.