On average, listings lease in the $30's per square foot per year. The Blue Lagoon West region is experiencing a a rise in rates. In the last 3 months, the median rate rose $40 per sqft per year.
Compared to the rest of the Gold Coast market, the Blue Lagoon West submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Blue Lagoon West 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 5,740 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 6 stories. 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.