Northwest Boca Raton Office Space

Northwest Boca Raton

Office Space Market Report

Number of Listings (last 90 days)
42
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
4,740
As of: December 10, 2016

Northwest Boca Raton Rates

The typical asking rate per listing is in the $20's per square foot per year. The Northwest Boca Raton region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Gold Coast market, the Northwest Boca Raton submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Northwest Boca Raton Listing Supply

In the last 90 days, 42 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Northwest Boca Raton are subleases, so you will probably have to consider a longer term 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.

Even though the median size is 4,740 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region were built in 1994 and are Class A.

Northwest Boca Raton Community

A large portion of this area is residential, but there's plenty of 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.

Market Report

Trends and status of the commercial real estate market in Northwest Boca Raton.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northwest Boca Raton.
Research