On average, listings lease in the $20's per square foot per year. The Glenvar Heights submarket is going through a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 42% increase in rent.
Compared to the rest of the Gold Coast market, the Glenvar Heights submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Glenvar Heights folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.