The typical asking rate per listing is in the $40's per square foot per year. The Twin Acres region is seeing a a rise in rates. In the last 3 months, the median rate rose $14 per sqft per year. That's a 44% rise in rent.
Compared to the rest of the Gold Coast market, the Twin Acres submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 6 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the office spaces in the Twin Acres 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,880 sqft. Most properties in this area are around 4 stories. Most buildings in this area were built in 2001 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Twin Acres folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.