Office Rental Market
- $33.17 2019 Avg. Asking Rent
- 8.80 % 2019 Avg. Vacancy Rate
- 46,233 2019 Office Completions (Sqft)
- 83,000 2020 Estimated Pipeline (Sqft)
Average Office Asking Rents by Class
2019 Average Office Rent per Square Foot
- Delray Beach Class A Office Buildings$53.68
- Delray Beach Class B Office Buildings$26.05
- Delray Beach Class C Office Buildings$23.65
- FL Class A Office Buildings$37.07
- FL Class B Office Buildings$23.53
- FL Class C Office Buildings$18.02
Delray Beach, FL Office Asking Rents by Class
Office asking rents vary across the Delray Beach office market depending on several factors, one of which is property class. While rents for Class A office buildings in Delray Beach averaged $53.68 per square foot in 2019, Class B office properties garnered average rental rates of $26.05 per square foot. Rental rates for Class C office property in Delray Beach averaged $23.65 per square foot. On a statewide level, Class B office space rents averaged $23.53 per square foot, while rents for Class A office space across Florida averaged $37.07 per square foot. On average, Class C office properties in Florida commanded rents of $18.02 per square foot.
OFFICE CONSTRUCTION IN Delray Beach, FL
- Delray Beach, FL Total Sqft completed in 2019 46,233
- Delray Beach, FL Total Sqft under construction in 2020 83,000
| Building name | Address | Total Sqft | Year built |
|---|---|---|---|
| Delray Medical Campus - Palm Court Plaza | 5130 Linton Blvd, 33484 | 137,760 | 1985 |
| 4th & 5th Delray | 60 SE 4th Avenue, 33483 | 100,212 | 2019 |
| Delray Central - 1615 South Congress Avenue | 1615 South Congress Avenue, 33445 | 98,942 | 1981 |
| Atlantic Crossing - Buildings I & II | 609 East Atlantic Avenue, 33483 | 83,000 | 2021 |
| 5162, 5210 & 5258 Linton Blvd | 5162 Linton Blvd, 33484 | 82,773 | 1982 |
| Delray Central - 1625 South Congress Avenue | 1625 South Congress Avenue, 33445 | 80,580 | 1982 |
| Delray Office Plaza | 4733 West Atlantic Avenue, 33445 | 78,753 | 1999 |
| The Arbors | 1690 South Congress Avenue, 33445 | 70,093 | 1982 |
| Congress Park North - 190 & 200 Congress Park Drive | 190 Congress Park Drive, 33445 | 65,128 | 1999 |
| South County Professional Center | 16244 South Military Trail, 33484 | 60,702 | 1986 |
| Office building | Address | Sqft | Completed |
|---|---|---|---|
| Atlantic Crossing - Buildings I & II | 609 East Atlantic Avenue, 33483 | 83,000 | 2021 |
| 4th & 5th Delray | 60 SE 4th Avenue, 33483 | 100,212 | 2019 |
| 4600 West Linton Blvd | 4600 West Linton Blvd, 33445 | 33,411 | 2010 |
| 15300 Jog Road | 15300 Jog Road, 33446 | 38,919 | 2006 |
| 4675 Linton Blvd | 4675 Linton Blvd, 33445 | 32,520 | 2005 |
| Atlantic Grove | 301 West Atlantic Avenue, 33444 | 54,268 | 2004 |
| 13590 & 13660 Jog Road | 13590 Jog Road, 33446 | 29,064 | 2004 |
| 755 NW 17th Avenue | 755 NW 17th Avenue, 33445 | 28,864 | 2004 |
| J3 Executive Centre | 1200 NW 17th Avenue, 33445 | 31,231 | 2003 |
| Village Center | 15340 Jog Road, 33446 | 51,085 | 2001 |
Office Spaces for Rent in Florida
See trends for nearby markets
The Delray Beach office market contains an inventory of 1,514,452 square feet of office space, in 47 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 Delray 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.