On average, listings lease in the $10's per square foot per year. The R and D Park region is seeing a a rise in rates. In the last 3 months, the median rate increased $18 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Gold Coast market, the R and D Park region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 1 listings have come on the market, which means new listings might be 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 1,200 sqft. Most properties in this market are approximately 1 stories. Most buildings in this market were built in 2005 and are Class A.
Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst R and D Park residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.