On average, listings lease in the $20's per square foot per year. The Northwest Boca Raton region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Gold Coast market, the Northwest Boca Raton submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 42 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the office spaces 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 5,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1987 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. 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.