The typical asking rate per listing is in the $30's per square foot per year. The Flagami submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Gold Coast market, the Flagami submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have been posted online, which means leases might be leasing quickly. 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.
The standard measurement for office space in this area is around 2,190 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Flagami occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.