On average, listings lease in the $30's per square foot per year. The Northwest Boca Raton submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 53% increase in rent.
Compared to the rest of the Gold Coast market, the Northwest Boca Raton region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 43 listings have been listed, so you'll want to check back regularly for new listings. About 60% of the listings in the Northwest Boca Raton are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 1987 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Most of the folk of Northwest Boca Raton work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.