Central Boca Raton Retail

Central Boca Raton

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
1,400
As of: July 25, 2017

Central Boca Raton Rates

The typical asking rate per listing is in the $40's per square foot per year. The Central Boca Raton region is going through a a rise in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 63% rise in rent.

Compared to the rest of the Gold Coast market, the Central Boca Raton region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Central Boca Raton Listing Supply

In the last 90 days, 13 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 8% of the available space in the Central Boca Raton are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,400 sqft. Most properties in this region are approximately 1 floors. Most buildings in this region were built in 1992 and are Class B.

Central Boca Raton Community

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 region. Commute by car is the most popular way to get to work amongst Central Boca Raton folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central Boca Raton.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Boca Raton.
Research