The typical asking rate per listing is in the $30's per square foot per year. The Central Boca Raton submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the Gold Coast market, the Central Boca Raton submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available space in the Central 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 500 sqft. Most properties in this area are close to 1 floors. Most buildings in this area 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.