On average, listings lease in the $30's per square foot per year. The Harbordale region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Gold Coast market, the Harbordale submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 11 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the listings in the Harbordale are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Harbordale folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.