Compared to the rest of the Gold Coast market, the City Center submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 15 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the office spaces in the City Center are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,990 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this area were built in 1957 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst City Center occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.