Most listings are in the $40's per square foot per year. The Industrial Section region is experiencing a a boost in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Gold Coast market, the Industrial Section region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 0 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About Inf% of the available space in the Industrial Section are subleases, so you might be able to snag a great spot on a short term. 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 4,050 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 5 floors. Most buildings in this area were built in 2002 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Industrial Section residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.