On average, listings lease in the $20's per square foot per year. The Southwest Lakes submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Gold Coast market, the Southwest Lakes region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Southwest Lakes are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 900 sqft. Most buildings in this area were built in 1975 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Southwest Lakes occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.