Most listings are in the $40's per square foot per year. The Riviera submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Gold Coast market, the Riviera submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been listed, which means leases most likley are 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 on the market, 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 region are around 6 floors. Most buildings in this region 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 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.