Renting a shop?

I had one up until two years ago. 1200 sf with electric and water. Had been in it for about 10 years before the owner sold the property. Rent went from $300 to $600 overnight. Several of us moved out at the same time.

Looking again, and in this area at least, 1000-1100 sf is going in the $400 range again. All have electric and water, several have full restrooms.