On average, listings lease in the $20's per square foot per year. The Boca Raton submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Gold Coast market, the Boca Raton submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 123 listings have come on the market, so you'll want to check back regularly for new listings. About 46% of the listings in the Boca Raton are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,260 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1987 and are Class A.