On average, listings lease in the $20's per square foot per year. The Northwest Boca Raton submarket is going through a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 24% increase in rent.
Compared to the rest of the Gold Coast market, the Northwest Boca Raton region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 337 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available space 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,440 sqft. Most buildings in this region are approximately 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 area. Most of the folk 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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