On average, listings lease in the $30's per square foot per year. The Melbourne submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 92% rise in rent.
In the last 90 days, 43 listings have been made available, so you'll want to check back regularly for new listings. About 65% of the available leases in the Melbourne 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1986 and are Class A.