The typical asking rate per listing is in the $30's per square foot per year. The Southeast Boca Raton region is seeing a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Gold Coast market, the Southeast Boca Raton region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the office spaces in the Southeast 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,890 sqft. Most properties in this region are close to 4 stories. Most buildings in this area were built in 1991 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.