On average, listings lease in the $20's per square foot per year. The Marina West region is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase 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 depreciated region.
In the last 90 days, 4 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 175% of the available space 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 available, so finding a space for a small business might be tough.
Even though the median size is 8,460 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1997 and are Class A.
Wholesale trade is the dominant industry in this area. Most of the residents 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.