Northwest Boca Raton Retail

Northwest Boca Raton

Office Space Market Report

Number of Listings (last 90 days)
43
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
4,680
As of: August 16, 2017

Northwest Boca Raton Rates

Most listings are in the $20's per square foot per year. The Northwest Boca Raton submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 27% decline in rent.

Compared to the rest of the Gold Coast market, the Northwest Boca Raton submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Northwest Boca Raton Listing Supply

In the last 90 days, 43 listings have come on the market, so you'll want to check back regularly for new listings. About 56% of the office spaces in the Northwest Boca Raton are subleases, so you might be able to find a shorter term or below market rent. 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 4,680 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this region were built in 1987 and are Class A.

Northwest Boca Raton Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Most of the folk of Northwest Boca Raton work from home. Commuting approximately 20 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 Northwest Boca Raton.
Market Report

Market Data

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