On average, listings lease in the $20's per square foot per year. The Twin Acres submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Gold Coast market, the Twin Acres region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Twin Acres 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this area are around 21 stories. Most buildings in this market were built in 1985 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Twin Acres occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.