On average, listings lease in the $20's per square foot per year. The Flagami region is going through a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Gold Coast market, the Flagami region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 11 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,560 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. 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 region. 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.