On average, listings lease in the $40's per square foot per year. The Pinecrest region is going through a a boost in rates. In the last 3 months, the median rate increased $44 per sqft per year.
Compared to the rest of the Gold Coast market, the Pinecrest region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 200% of the available space in the Pinecrest are subleases, so you might be able to snag a great spot on a short term. 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 1,640 sqft. Most buildings in this market were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Pinecrest residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.