On average, listings lease in the $40's per square foot per year. The Central Boca Raton submarket is going through a a rise in rates. In the last 3 months, the median rate went up $43 per sqft per year.
Compared to the rest of the Gold Coast market, the Central Boca Raton region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available space in the Central Boca Raton are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,400 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this market were built in 1988 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central Boca Raton residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.