The typical asking rate per listing is in the $40's per square foot per year. The Riviera submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $20 per sqft per year. That's a 75% increase in rent.
Compared to the rest of the Gold Coast market, the Riviera region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been made available, 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 2,020 sqft. Most buildings in this market are close to 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 area. Most of the occupants 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.