The typical asking rate per listing is in the $30's per square foot per year. The Parkside submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $33 per sqft per year.
Compared to the rest of the Gold Coast market, the Parkside region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have been listed, which means leases are probably 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,600 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1970 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Parkside folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.