Deerfield Beach Office Market Trends

Office Rental Market

  • $30.43 2019 Avg. Asking Rent
  • 4.96 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 150,000 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Deerfield Beach was $30.43 per square foot, and the office vacancy rate across the market averaged 4.96 %. During 2019, developers added 0 square feet of new office space to the Deerfield Beach market inventory. Office developments estimated for delivery during 2020 total 150,000 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Deerfield Beach Class A Office Buildings$33.68
  • Deerfield Beach Class B Office Buildings$22.68
  • FL Class A Office Buildings$37.07
  • FL Class B Office Buildings$23.53
  • FL Class C Office Buildings$18.02

Deerfield Beach, FL Office Asking Rents by Class

OFFICE CONSTRUCTION IN Deerfield Beach, FL

  • Deerfield Beach, FL Total Sqft completed in 2019 0
  • Deerfield Beach, FL Total Sqft under construction in 2020 150,000
10 Largest Office Buildings in Deerfield Beach
Building name Address Total Sqft Year built
800 Fairway Drive 800 Fairway Dr - 800 Fairway, 33441 172,537 1987
Deerfield Corporate Park - Buildings 1 & 6 602 South Military Trail, 33442 157,438 1985
500 Jim Moran Blvd 500 Jim Moran Blvd, 33442 126,151 1978
One Hillsboro Center - Bldg 5 600 W Hillsboro Blvd, 33441 116,116 1985
Hillsboro Center V 600 West Hillsboro Blvd, 33441 115,961 1986
Financial Centre West 1701 West Hillsboro Blvd, 33442 102,423 1984
Hillsboro Technology Center - Building A 200 Hillsboro Technology Drive, 33441 87,068 2017
Hillsboro Commons 1000 East Hillsboro Blvd, 33441 82,000 1987
Crystal Lake Office Plaza 1801 West Sample Road, 33064 76,500 1993
111 Jim Moran Blvd 111 Jim Moran Blvd, 33442 73,560 1996
Largest Office Properties Recently Completed in Deerfield Beach
Office building Address Sqft Completed
Hillsboro Technology Center - Building A 200 Hillsboro Technology Drive, 33441 87,068 2017
3313 West Hillsboro Blvd 3313 West Hillsboro Blvd, 33442 25,018 2014
Deerfield Park Professional Center 200 SW Natura Avenue, 33441 70,000 2007
431 Fairway Drive 431 Fairway Drive, 33441 33,724 2007
The Commons 1205 South Military Trail, 33442 32,048 2004
1192 East Newport Center Drive 1192 East Newport Center Drive, 33442 45,136 2001
2100 & 2150 SW 10th Street 2100 SW 10th Street, 33442 35,000 2001
Corporate Pointe West 1166 West Newport Center Drive, 33442 41,093 1997
111 Jim Moran Blvd 111 Jim Moran Blvd, 33442 73,560 1996
1144 East Newport Center Drive 1144 East Newport Center Drive, 33442 48,936 1996
Data provided by Commercial Edge

Office Spaces for Rent in Florida

DEERFIELD BEACH OFFICE SALES TRENDS

  • $164.272019 Avg. Price per Sqft
  • 32.45 %Y-o-Y Avg. PpSF Change
  • $72.5M2019 Office Sales Volume
  • 42019 Number of Transactions

In 2019, office sales in Deerfield Beach averaged $164.27 per square foot. This marked a 32.45 % increase in office price per square foot, compared to the previous year. A total of 4 office sales closed on the Deerfield Beach office market in 2019, amounting to a total sales volume of $72.5M.

Average Office Sale Price per Sqft

Deerfield Beach, FL Sales Trends

  • Deerfield Beach Price per Sqft$164.27
  • Florida Price per Sqft$190.50

Office Sales - Trend and Volume

  • Deerfield Beach, FL Total Office Sales Volume in 2019 $72.5M
  • Deerfield Beach, FL Total Number of Office Sales Closed in 2019 4

Largest Deerfield Beach Office Sales in 2019

Property name Address Date Price
800 Fairway Drive 800 Fairway Drive 3/4/2019 $30,400,000
Deerfield Corporate Park - Buildings 1 & 6 602 South Military Trail 11/1/2019 $27,650,000
2200 SW 10th Street 2200 SW 10th Street 10/31/2019 $7,650,000
Southlake Office Park - 1400 East Newport Center Drive 1400 East Newport Center Drive 10/31/2019 $6,800,000
Data provided by Commercial Edge

See trends for nearby markets

The Deerfield Beach office market contains an inventory of 2,123,972 square feet of office space, in 51 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Deerfield Beach 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.