Riviera Retail

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Riviera

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
570
As of: July 23, 2017

Riviera Rates

On average, listings lease in the $20's per square foot per year. The Riviera submarket is going through a a rise in rates. In the last 3 months, the median rate increased $26 per sqft per year.

Compared to the rest of the Gold Coast market, the Riviera region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Riviera Listing Supply

In the last 90 days, 3 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the office spaces in the Riviera 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 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 570 sqft. Most properties in this area are around 6 floors. Most buildings in this market were built in 1971 and are Class B.

Riviera Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Most of the residents of Riviera 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.

Market Report

Trends and status of the commercial real estate market in Riviera.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Riviera.
Research