The typical asking rate per listing is in the $20's per square foot per year. The Northeast Boca Raton submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Gold Coast market, the Northeast Boca Raton region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 15 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,130 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Most of the folk of Northeast Boca Raton work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.