On average, listings lease in the $20's per square foot per year. The Blue Lagoon West submarket is going through a a rise in rates. In the last 3 months, the median rate increased $27 per sqft per year.
Compared to the rest of the Gold Coast market, the Blue Lagoon West submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 6 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 250% of the listings in the Blue Lagoon West 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.
The standard measurement for office space in this area is around 2,310 sqft. Most properties in this market are close to 6 stories. Most buildings in this region were built in 1990 and are Class A.
Public administration is the dominant industry in this area. Most of the folk of Blue Lagoon West work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.