Most listings are in the $30's per square foot per year. The Blue Lagoon West submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the Gold Coast market, the Blue Lagoon West region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 11,410 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 6 floors. Most buildings in this region were built in 1990 and are Class A.
Public administration is the dominant industry in this area. Most of the residents of Blue Lagoon West work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.