The typical asking rate per listing is in the $20's per square foot per year. The St. Andrews Bay submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $27 per sqft per year. That's a Inf% rise in rent.
In the last 90 days, 2 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the St. Andrews Bay are subleases, so you might be able to find a shorter term or below market rent. 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 2,730 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market were built in 1987 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst St. Andrews Bay folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.