On average, listings lease in the $10's per square foot per year. The Port Malabar submarket is going through a an increase in rates. In the last 3 months, the median rate rose $16 per sqft per year.
In the last 90 days, 4 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 425% of the available space in the Port Malabar are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,790 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1997 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the residents of Port Malabar work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.