The typical asking rate per listing is in the $40's per square foot per year. The Boca Center submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Gold Coast market, the Boca Center submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,380 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area were built in 1988 and are Class A.
This market is fairly equally mixed residential and commercial. Information is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Boca Center folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.