The typical asking rate per listing is in the $30's per square foot per year. The Crafts submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Gold Coast market, the Crafts submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,960 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1964 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Crafts residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.