Most listings are in the $20's per square foot per year. The University Drive region is seeing a a boost in rates. In the last 3 months, the median rate went up $29 per sqft per year.
Compared to the rest of the Gold Coast market, the University Drive submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 25 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 52% of the available space in the University Drive 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 1,700 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this region were built in 1988 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the residents of University Drive work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.