On average, listings lease in the $30's per square foot per year. The Peninsula Corporate Center region is experiencing a an increase in rates. In the last 3 months, the median rate increased $38 per sqft per year.
Compared to the rest of the Gold Coast market, the Peninsula Corporate Center submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the available space in the Peninsula Corporate Center 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 980 sqft. Most properties in this region are approximately 3 floors.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Most of the residents of Peninsula Corporate Center work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.