Riviera Retail

Riviera

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,450
As of: March 12, 2017

Riviera Rates

Most listings are in the $20's per square foot per year. The Riviera region is seeing a decrease in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 40% decline in rent.

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 undervalued submarket.

Riviera Listing Supply

In the last 90 days, 3 listings have been posted online, which means office spaces are probably leasing quickly. 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 1,450 sqft. Most buildings in this area are close to 6 floors. Most buildings in this region 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 area. Most of the folk 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