The typical asking rate per listing is in the $20's per square foot per year. The Riviera submarket is going through a decline in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 43% decrease in rent.
Compared to the rest of the Gold Coast market, the Riviera submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have been made available, which means new availabilities most likley are leasing quickly. 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 1,450 sqft. Most buildings in this area are around 6 stories. Most buildings in this market were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Most of the residents of Riviera 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.