The typical asking rate per listing is in the $40's per square foot per year. The Southeast Boca Raton submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Gold Coast market, the Southeast Boca Raton submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Southeast 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,360 sqft. Most buildings in this market are close to 4 stories. Most buildings in this area were built in 1986 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 market. 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.