On average, listings lease in the $40's per square foot per year. The Victoria Park region is seeing a a boost in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 0% increase in rent.
Compared to the rest of the Gold Coast market, the Victoria Park submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means new listings most likley are 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 1,500 sqft. Most properties in this region are close to 3 stories. Most buildings in this region were built in 1989 and are Class C.
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. Commute by public transit is the most popular way to get to work amongst Victoria Park occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.