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 $9 per sqft per year. That's a 27% decline in rent.
Compared to the rest of the Gold Coast market, the Northwest Boca Raton submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 43 listings have been made available, so you'll want to check back regularly for new listings. About 60% of the office spaces in the Northwest Boca Raton are subleases, so you might be able to find a shorter term or below market rent. 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 4,680 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market 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 residents 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.