Highlights
- The average rent for office space in Boca Raton is $41.03 per square foot, 7.93% higher compared to the previous year.
- The market’s vacancy rate stands at 12.34%, lower than the state average of Florida, which is 15.13%.
2025 Office Space Rent & Sales
- $41.03 2025 Avg. Asking Rent
- 7.93% Y-o-Y Avg. Asking Rent Change
- 12.34% 2025 Office Vacancy Rate
- $212.3M2025 Total Office Sales
- $206.35Avg. Sale Price/SF
What is the average asking rent price for office space in Boca Raton?
Average asking rents for office space here stand at $41.03 per square foot. The local office market recorded an average vacancy rate of 12.34% in 2025, unchanged from 12.34% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $212.3M across 13 sales. These transactions commanded an average sale price per square foot of $206.35.
Boca Raton, FL Office Asking Rents by Class
What is the average office rent per square foot by property class in Boca Raton?
- Avg. Asking Rent Class A & A+$43.09
- Avg. Asking Rent Class B$36.02
What is the average office rent per square foot by property class in FL?
- Avg. Asking Rent Class A & A+$45.91
- Avg. Asking Rent Class B$27.03
- Avg. Asking Rent Class C$19.30
For comparison, the average rent for Class A and A+ office space in Florida was $45.91 per square foot. The state-wide average for Class B space was $27.03 per square foot, and Class C office spaces averaged $19.30 per square foot.
Boca Raton, FL Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Boca Raton - West | $50.66 | 7.09% |
| Boca Raton - Central | $45.62 | 20.29% |
| Boca Raton - East | $45.00 | 3.06% |
| Boca Raton - North | $39.61 | 10.55% |
| Boca Raton - Downtown | $37.51 | 15.88% |
2025 Office Sales Volume
- $206.352025 Avg. Price per SF
- -38.27%Y-o-Y Avg. PpSF Change
- $212.3M2025 Office Sales Volume
- 132025 Number of Transactions
What is the average sale price per square foot for office space in Boca Raton?
Average sale prices for office space in this market recorded a -38.27% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $206.35 per square foot. For comparison, the statewide Florida average during the same time period stood at $209.15 per square foot, while the national average was $182.48 per square foot.
Boca Raton, FL Sale Price per SF Trend
- Boca Raton Avg. Sale Price per SF in 2025$206.35
- Florida Avg. Sale Price per SF in 2025$209.15
What was the total office sales volume in Boca Raton in 2025?
The local office market recorded 13 deals in 2025, adding up to a yearly sales volume of $212.3M.
- Boca Raton, FL Total Office Sales Volume in 2025 $212.3M
- Boca Raton, FL Total Number of Office Sales Closed in 2025 13
What were the largest office building sales in Boca Raton in 2025?
The market’s largest transaction last year was the sale of Del Mar Office Park for $33,600,000 on 8/29/2025. The next-highest sale was the transaction involving 1200 Corporate Place, which traded for $31,414,000. The third-largest transaction was the sale of 1150 Broken Sound Pkwy NW for $23,750,000.
| Property name | Address | Date | Price |
|---|---|---|---|
| Del Mar Office Park | 7301 West Palmetto Park Road | 8/29/2025 | $33,600,000 |
| 1200 Corporate Place | 1200 North Federal Hwy | 8/8/2025 | $31,414,000 |
| 1150 Broken Sound Pkwy NW | 1150 Broken Sound Pkwy NW | 11/26/2025 | $23,750,000 |
| One Park Place | 621 NW 53rd Street | 4/22/2025 | $20,604,820 |
| Peninsula Corporate Center | 950 Peninsula Corporate Circle | 3/25/2025 | $15,300,000 |
Office Construction in Boca Raton, FL
What are the largest recent office completions in Boca Raton?
The largest recent office completion here is Boca Clinic at 75,689 square feet, completed in 2007. The next largest completions are One City Centre and The Hamilton & St. George Buildings.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Lynn Financial Center - 1825 | 1825 NW Corporate Boulevard, 33431 | 5,758 | 2009 |
| Lynn Financial Center - 1875 | 1875 NW Corporate Boulevard, 33431 | 5,751 | 2009 |
| Boca Clinic | 1601 Clint Moore Road, 33487 | 75,689 | 2007 |
| Lynn Financial Center - 1905 | 1905 NW Corporate Boulevard, 33431 | 8,083 | 2007 |
| The Hamilton & St. George Buildings | 2701 NW 2nd Avenue, 33431 | 44,823 | 2003 |
| The Boca Crown Centre | 7999 North Federal Hwy, 33487 | 28,460 | 2003 |
| Oaks Medical Complex | 660 Glades Road, 33431 | 3,278 | 2002 |
| One City Centre | 1 N. Federal Hwy, 33432 | 46,541 | 2001 |
| 7700 Congress Avenue, Suite # 3211 ( only) | 7700 Congress Avenue, Suite # 3211 ( only) , 33487 | 1,000 | 2001 |
| 7800 Congress Centre | 7800 Congress Avenue, 33487 | 40,720 | 2000 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.