The typical asking rate per listing is in the $30's per square foot per year. The Boca Raton submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the Gold Coast market, the Boca Raton region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 977 listings have been made available, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Boca Raton are subleases, so you will probably have to consider a longer term lease. 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 1,890 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 1987 and are Class A.
Real time and historical data on commercial real estate listings in Boca Raton.
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