On average, listings lease in the $40's per square foot per year. The Park West region is experiencing a an increase in rates. In the last 3 months, the median rate increased $46 per sqft per year.
Compared to the rest of the Gold Coast market, the Park West region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 300% of the listings in the Park 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 1,580 sqft. Most properties in this area are around 63 stories. Most buildings in this area were built in 2008 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Park West folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.