Margate Retail

Margate

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
10,000
As of: August 19, 2017

Margate Rates

The typical asking rate per listing is in the $20's per square foot per year. The Margate region is going through a a boost in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 0% rise in rent.

Compared to the rest of the Gold Coast market, the Margate submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Margate Listing Supply

In the last 90 days, 8 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Margate 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.

Even though the median size is 10,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this market were built in 1984 and are Class B.

Margate Community

Market Report

Trends and status of the commercial real estate market in Margate.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Margate.
Research

Margate Submarkets