Most listings are in the $30's per square foot per year. The Southeast Boca Raton submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 31% decline in rent.
Compared to the rest of the Gold Coast market, the Southeast Boca Raton region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 14 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 79% of the office spaces 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,970 sqft. Most properties in this area are close to 4 floors. Most buildings in this region 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 market. Commute by motorcycle is the most popular way to get to work amongst Southeast Boca Raton occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.