On average, listings lease in the $20's per square foot per year. The Central Boca Raton submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Gold Coast market, the Central Boca Raton region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 13 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,680 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 1992 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central Boca Raton residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.