On average, listings lease in the $40's per square foot per year. The Crafts submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Gold Coast market, the Crafts region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 18 listings have been posted online, which means spaces most likley are going fast. 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 2,450 sqft. Most properties in this market are approximately 3 floors. Most buildings in this region were built in 1959 and are Class B.
This region 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 residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.