2022 Office Space Rent & Sales
- $34.73 2022 Avg. Asking Rent
- 13.18% 2022 Office Vacancy Rate
- $446.7M2022 Total Office Sales
- $272.32Avg. Sale Price/SF
Boca Raton office price per square foot in 2022 was $34.73 on average. The local office market recorded an average vacancy rate of 13.18% across all asset classes combined. The 19 transactions that closed here throughout 2022 amounted to a total sale volume of $446.7M. Boca Raton office space commanded an average sale price per square foot of $272.32.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Boca Raton Class A & A+ Office Space$36.43
- Boca Raton Class B Office Space$30.71
- Florida Class A & A+ Office Space$35.94
- Florida Class B Office Space$26.81
- Florida Class C Office Space$19.09
Boca Raton, FL Office Asking Rents by Class
2022 Office Vacancy Rates in Boca Raton
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Boca Raton - Central | $45.24 | 14.63% |
Boca Raton - West | $36.23 | 3.72% |
Boca Raton - East | $36.17 | 15.87% |
Boca Raton - North | $32.92 | 13.84% |
Boca Raton - Downtown | $32.52 | 6.86% |
Boca Raton Office Sale Price per SF
- $272.322022 Avg. Price per SF
- -16.97%Y-o-Y Avg. PpSF Change
- $446.7M2022 Office Sales Volume
- 192022 Number of Transactions
Boca Raton, FL Sale Price per SF Trend
- Boca Raton Avg. Sale Price per SF in 2022$272.32
- Florida Avg. Sale Price per SF in 2022$234.16
2022 Office Sales Volume
- Boca Raton, FL Total Office Sales Volume in 2022 $446.7M
- Boca Raton, FL Total Number of Office Sales Closed in 2022 19
Largest Boca Raton Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
Boca Center Tower I & II | 5200 Town Center Circle | 4/7/2022 | $94,500,000 |
1800 Boca Center | 1800 North Military Trail | 4/7/2022 | $76,100,000 |
South City Plaza | 1515 South Federal Hwy | 10/17/2022 | $51,000,000 |
Yamato Office Center | 1001 Yamato Road | 5/20/2022 | $45,925,000 |
Meridian Office Center | 6551 Park of Commerce Blvd | 7/6/2022 | $29,850,000 |
Coworking Spaces in Florida
- Miami Coworking Space
- Tampa Coworking Space
- Jacksonville Coworking Space
- Orlando Coworking Space
- Boca Raton Coworking Space
- Fort Lauderdale Coworking Space
- West Palm Beach Coworking Space
- Coral Gables Coworking Space
- Doral Coworking Space
- Miami Beach Coworking Space
- St. Petersburg Coworking Space
- Hollywood Coworking Space
- Coral Springs Coworking Space
- Plantation Coworking Space
- Tallahassee Coworking Space
- Aventura Coworking Space
- Fort Myers Coworking Space
- Lake Mary Coworking Space
- Weston Coworking Space
- Clearwater Coworking Space
- Pembroke Pines Coworking Space
- Boynton Beach Coworking Space
- Cape Coral Coworking Space
- Delray Beach Coworking Space
- Kissimmee Coworking Space
- Lakeland Coworking Space
- North Miami Coworking Space
- Pensacola Coworking Space
- Pompano Beach Coworking Space
2022 Office Construction in Boca Raton, FL
- Boca Raton, FL Total SF under construction in 2023 61,500
Office building | Address | SF | Completed |
---|---|---|---|
Boca Colonnade II | 750 Park of Commerce Blvd, 33487 | 95,331 | 2008 |
1095 BROKEN SOUND PKWY NW | 1095 BROKEN SOUND PKWY NW, 33487 | 54,203 | 2008 |
Beacon Square Professional Campus | 7789 NW Beacon Square Boulevard, 33487 | 20,752 | 2008 |
Boca Clinic | 1601 Clint Moore Road, 33487 | 75,689 | 2007 |
9325 Glades Road | 9325 Glades Road, 33434 | 45,000 | 2005 |
101 Renaissance Centre | 101 North Federal Hwy, 33432 | 34,032 | 2003 |
The Boca Crown Centre | 7999 North Federal Hwy, 33487 | 28,460 | 2003 |
Full Floor Office Space in Broken Sound Plaza | 6000 Broken Sound Pkwy Nw, 33487 | 77,340 | 2001 |
One City Centre | 1 N. Federal Hwy, 33432 | 46,541 | 2001 |
One City Centre | 1 North Federal Hwy, 33432 | 40,149 | 2001 |
Worth noting among recent office completions on the Boca Raton market is Boca Colonnade II, which is currently the largest new office development in the city, at 95,331 square feet.
See reports for other markets
- Miami Office Rent Price
- Jacksonville Office Rent Price
- Tampa Office Rent Price
- Fort Lauderdale Office Rent Price
- Orlando Office Rent Price
- West Palm Beach Office Rent Price
- St. Petersburg Office Rent Price
- Tallahassee Office Rent Price
- Sarasota Office Rent Price
- Hollywood Office Rent Price
- Miami Beach Office Rent Price
- Houston Office Rent Price
- San Francisco Office Rent Price
- Denver Office Rent Price
- Phoenix Office Rent Price
- Seattle Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Boca Raton commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.