On average, listings lease in the $30's per square foot per year. The Peninsula Corporate Center submarket is going through a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Gold Coast market, the Peninsula Corporate Center submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the office spaces in the Peninsula Corporate Center 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.
Even though the median size is 13,970 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 3 floors.
This region is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Most of the occupants of Peninsula Corporate Center 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.