On average, listings lease in the $20's per square foot per year. The Northwest Boca Raton region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Gold Coast market, the Northwest Boca Raton region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 43 listings have been made available, so you'll want to check back regularly for new listings. About 12% of the available leases in the Northwest Boca Raton are subleases, so you might be able to snag a great spot on a short term. 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 16,480 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market were built in 1987 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Most of the residents 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.