On average, listings lease in the $30's per square foot per year. The Uleta submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $40 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Gold Coast market, the Uleta region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means leases most likley are 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,500 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1992 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Most of the folk of Uleta work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.