The typical asking rate per listing is in the $60's per square foot per year. The Victoria Place submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $63 per sqft per year.
Compared to the rest of the Gold Coast market, the Victoria Place submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,000 sqft. Most buildings in this region were built in 1971 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Victoria Place folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.