On average, listings lease in the $10's per square foot per year. The Oakwood submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $17 per sqft per year.
Compared to the rest of the Gold Coast market, the Oakwood region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been made available, which means leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,260 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 9 floors. Most buildings in this market were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Oakwood work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.