Most listings are in the $20's per square foot per year. The Marina West submarket is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Gold Coast market, the Marina West submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 175% of the office spaces in the Marina West 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 posted, so finding a space for a small business might be tough.
Even though the median size is 8,460 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1997 and are Class A.
Wholesale trade is the dominant industry in this market. Most of the occupants of Marina West work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.