The typical asking rate per listing is in the $20's per square foot per year. The Northwest Boca Raton submarket is going through a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 43% decline in rent.
Compared to the rest of the Gold Coast market, the Northwest Boca Raton submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 35 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Northwest Boca Raton are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 5,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this region were built in 1994 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Most of the occupants of Northwest Boca Raton work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.