Most listings are in the $30's per square foot per year. The Progresso Village submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Gold Coast market, the Progresso Village region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 500 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Progresso Village occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.