On average, listings lease in the $30's per square foot per year. The Pinecrest region is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Gold Coast market, the Pinecrest region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Pinecrest are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,690 sqft. Most buildings in this region were built in 1971 and are Class B.