Most listings are in the $20's per square foot per year. The Northwest Boca Raton region is seeing a decline in rates. In the last 3 months, the median rate fell $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 region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 19 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 32% of the available space 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 10,250 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this market were built in 1987 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Most of the residents of Northwest Boca Raton work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.