The typical asking rate per listing is in the $50's per square foot per year. The Crafts region is seeing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Gold Coast market, the Crafts submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 18 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 56% of the listings in the Crafts 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,720 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1964 and are Class A.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Crafts folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.