On average, listings lease in the $40's per square foot per year. The Southeast Boca Raton submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 21% rise in rent.
Compared to the rest of the Gold Coast market, the Southeast 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, 14 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Southeast 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 5,320 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 4 floors. Most buildings in this area were built in 1991 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Southeast Boca Raton residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.