Most listings are in the $30's per square foot per year. The Blue Lagoon West submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $40 per sqft per year.
Compared to the rest of the Gold Coast market, the Blue Lagoon West submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 6 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Blue Lagoon West are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,740 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 6 floors. Most buildings in this area were built in 1990 and are Class A.
Public administration is the dominant industry in this region. 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.