Most listings are in the $40's per square foot per year. The Crafts region is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Gold Coast market, the Crafts submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 19 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,450 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1959 and are Class B.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this market. 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.