On average, listings lease in the $10's per square foot per year. The Port Malabar submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year.
In the last 90 days, 20 listings have been made available, which means new availabilities 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 2,150 sqft. Most buildings in this area are around 4 stories. Most buildings in this region were built in 1986 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 area. Most of the folk 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.