On average, listings lease in the $20's per square foot per year. The Three Lakes region is seeing a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 33% decrease in rent.
Compared to the rest of the Gold Coast market, the Three Lakes 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 come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,320 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this market were built in 2005 and are Class B.