Compared to the rest of the Gold Coast market, the Crafts submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 18 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 72% of the listings in the Crafts 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,300 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this market were built in 1964 and are Class A.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Crafts occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.