The typical asking rate per listing is in the $40's per square foot per year. The Boca Center submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Gold Coast market, the Boca Center submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 8,920 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area were built in 1988 and are Class A.
This market is fairly equally mixed residential and commercial. Information is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Boca Center occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.