The typical asking rate per listing is in the $10's per square foot per year. The Delray Beach region is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 27% decline in rent.
Compared to the rest of the Gold Coast market, the Delray Beach region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 232 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Delray Beach are subleases, so you will probably have to focus your search on direct office leases. 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 2,100 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1987 and are Class B.
Real time and historical data on commercial real estate listings in Delray Beach.
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