The typical asking rate per listing is in the $20's per square foot per year. The Northeast Boca Raton region is seeing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Gold Coast market, the Northeast Boca Raton submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 71 listings have been posted online, so you'll want to check back regularly for new listings. About 34% of the available space in the Northeast Boca Raton 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,330 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the occupants of Northeast Boca Raton work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Northeast Boca Raton.
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