The typical asking rate per listing is in the $30's per square foot per year. The Hobe Sound submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 20 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 30% of the listings in the Hobe Sound are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 140 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1975 and are Class B.
Real time and historical data on commercial real estate listings in Hobe Sound.
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