The typical asking rate per listing is in the $40's per square foot per year. The Tower at Bay Point region is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Gold Coast market, the Tower at Bay Point region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means new availabilities are probably 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most properties in this area are approximately 15 stories. Most buildings in this market were built in 1983 and are Class B.
Public administration is the dominant industry in this market. Most of the folk of Tower at Bay Point 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.