Most listings are in the $20's per square foot per year. The University Drive submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the Gold Coast market, the University Drive region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 30 listings have been made available, which means office spaces 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,060 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this area were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Most of the folk of University Drive work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.