The typical asking rate per listing is in the $20's per square foot per year. The Delray Beach submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Gold Coast market, the Delray Beach submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 33 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 73% of the office spaces in the Delray Beach 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,190 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1987 and are Class B.