The typical asking rate per listing is in the $20's per square foot per year. The Twin Acres submarket is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Gold Coast market, the Twin Acres region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the listings in the Twin Acres are subleases, so you might be able to find a shorter term or below market rent. 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 1,810 sqft. Most buildings in this region are around 19 stories. Most buildings in this area were built in 2001 and are Class A.
A large portion of this market 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 approximately an hour and a half a day is the norm for those who opt to reside in this part of town.