The typical asking rate per listing is in the $20's per square foot per year. The Northwest Boca Raton region is experiencing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the Gold Coast market, the Northwest Boca Raton submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 337 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Northwest Boca Raton 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,540 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 1987 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Most of the residents of Northwest Boca Raton work from home. Commuting around 20 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 Northwest Boca Raton.
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