On average, listings lease in the $40's per square foot per year. The Southeast Boca Raton region is seeing a a boost in rates. In the last 3 months, the median rate rose $46 per sqft per year.
Compared to the rest of the Gold Coast market, the Southeast Boca Raton region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 86% of the office spaces in the Southeast Boca Raton are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,300 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this area were built in 1991 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Southeast Boca Raton occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.