The typical asking rate per listing is in the $30's per square foot per year. The Hobe Sound submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 20 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 30% of the office spaces 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 posted, 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 buildings in this market 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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