The typical asking rate per listing is in the $0's per square foot per year. The Port Malabar region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $40 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 4 listings have been posted online, which means new listings are probably going fast. 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.
The standard measurement for office space in this area is around sqft. Most buildings in this region are close to 4 floors. Most buildings in this market were built in 1997 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the folk of Port Malabar work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.