On average, listings lease in the $20's per square foot per year. The Northwest Boca Raton submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease 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 depreciated region.
In the last 90 days, 42 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the listings in the Northwest 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.
Even though the median size is 4,740 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1994 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. 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.