Most listings are in the $30's per square foot per year. The Peninsula Corporate Center region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Gold Coast market, the Peninsula Corporate Center region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings in the Peninsula Corporate Center 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,450 sqft. Most buildings in this region are close to 3 stories.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. 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.