On average, listings lease in the $20's per square foot per year. The Spring Tree submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Gold Coast market, the Spring Tree region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,310 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Spring Tree folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.