Most listings are in the $20's per square foot per year. The Blue Lagoon West submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Gold Coast market, the Blue Lagoon West submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 6 listings have been made available, which means listings are probably 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 1,950 sqft. Most properties in this area are around 6 floors. 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 residents 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.