Delray Beach Sublease

Delray Beach

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
1,190
As of: July 23, 2017

Delray Beach Rates

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.

Delray Beach Listing Supply

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.

Delray Beach Community

Market Report

Trends and status of the commercial real estate market in Delray Beach.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Delray Beach.
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