On average, listings lease in the $40's per square foot per year. The Southeast Boca Raton submarket is going through a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Gold Coast market, the Southeast Boca Raton submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 9 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the office spaces in the Southeast 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.
The standard measurement for office space in this area is around 2,360 sqft. Most properties in this area are around 4 stories. Most buildings in this area were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Southeast Boca Raton occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.