On average, listings lease in the $50's per square foot per year. The Douglas region is going through a a boost in rates. In the last 3 months, the median rate rose $51 per sqft per year.
Compared to the rest of the Gold Coast market, the Douglas submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 19 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 163% of the available leases in the Douglas 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.
Even though the median size is 3,040 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 12 stories. Most buildings in this market were built in 1973 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Douglas folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.