On average, listings lease in the $20's per square foot per year. The Blue Lagoon West region is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Gold Coast market, the Blue Lagoon West submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 6 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,950 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this area were built in 1990 and are Class A.
Public administration is the dominant industry in this market. 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.