Delray Beach Retail

Delray Beach

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Delray Beach Rates

The typical asking rate per listing is in the $20's per square foot per year. The Delray Beach region is going through a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 20% decline in rent.

Compared to the rest of the Gold Coast market, the Delray Beach submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Delray Beach Listing Supply

In the last 90 days, 22 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the Delray Beach 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.

The standard measurement for office space in this area is around 1,600 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1988 and are Class B.

Delray Beach Community