On average, listings lease in the $30's per square foot per year. The Peninsula Corporate Center region is experiencing a an increase in rates. In the last 3 months, the median rate went up $38 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Gold Coast market, the Peninsula Corporate Center region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,230 sqft. Most buildings in this area are approximately 3 floors.
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.