What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Delray Beach commercial real estate market incorporates 1,949,840 square feet of office space across 42 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Delray Beach, the coworking segment of the commercial real estate market incorporates about 2,715 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Delray Beach commercial real estate market includes 4,689,812 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Delray Beach market, there is a total of 2,210,502 square feet of industrial property.

What types of commercial real estate are available in Delray Beach, FL?

The largest share of commercial real estate space for lease in Delray Beach is represented by Retail space , which accounts for 165,727 square feet of available listings. Office space available in Delray Beach adds up to 154,442 square feet.

What factors affect the price of commercial real estate in Delray Beach, FL?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Delray Beach, FL?

The average rent for commercial real estate space listed for lease in Delray Beach is $21.35 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Delray Beach can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in Delray Beach, FL?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Delray Beach, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Delray Beach is in the Delaire neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Delaire area . Meanwhile, retail space opportunities are most abundant in the Four Seasons submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in The Hamlet . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $30 per square foot. In particular, the property type commanding the highest lease rates in Delray Beach was Office space. Conversely, the highest sale price last year was $25,000,000 that is located at 551 SE 8th Street.

What is the average size of a commercial property in Delray Beach, FL?

The average size of a commercial property in Delray Beach depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Delray Beach, the average size of an office property is 49,996 square feet. Retail properties here incorporate an average of 63,376 square feet. Industrial space in Delray Beach is in buildings that are, on average 116,342 square feet in size.

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147 Commercial Real Estate Listings in Delray Beach, FL

CRE Market Stats

25 SE 4th Avenue

25 SE 4th Avenue, Osceola Park, Delray Beach, FL
For Lease

Contact for pricing
Property

Retail

6,900 SF
Availability

1 Space

6,900 SF
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Fed & 4th - Downtown Delray Beach Redevelopment Opportunity

401 NE 6th Ave, Seacrest - Palm Trail, Delray Beach, FL
For Sale

$2,200,000
Property

VacantLand

3,587 SF
Year Built

1967
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Palm Court Tower

5150 Linton Boulevard, Delaire, Delray Beach, FL
For Lease

$25.00/SF/YR
Property

Office

47,828 SF
Availability

6 Spaces

12,400 SF
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430 South Congress Avenue

430 South Congress Avenue, The Hamlet, Delray Beach, FL
For Lease

$12.00 - $13.50/SF/YR
Property

Industrial

80,847 SF
Availability

1 Space

8,466 SF
Year Built

1987
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Delray Corporate Center

2855-2915 S Congress Ave, Delaire, Delray Beach, FL
For Lease

Contact for pricing
Property

Industrial

104,406 SF
Availability

3 Spaces

21,570 SF
Year Built

1983
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1700 Depot Avenue

1700 Depot Avenue, High Point of Delray, Delray Beach, FL
For Lease

$22.00/SF/YR
Property

Industrial

12,375 SF
Availability

1 Space

3,200 SF
Year Built

1978
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Delray Central - 1625 South Congress Avenue

1625 South Congress Avenue, Delaire, Delray Beach, FL
For Lease

$22.00/SF/YR
Property

Office

80,580 SF
Availability

1 Space

20,000 SF
Year Built

1982
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4600 Linton Blvd

4600 West Linton Blvd, Delaire, Delray Beach, FL
For Lease

$25.00/SF/YR
Property

Office

33,411 SF
Availability

1 Space

2,933 SF
Year Built

2010
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Kings Point Shopping Center, Delray Beach, FL

6600 W Atlantic Avenue, Kings Point - Country Club Acres, Delray Beach, FL
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

3,520 SF
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Delray Professional Center

1300 NW 17th Avenue, Rainberry Bay, Delray Beach, FL
For Lease

$28.00 - $50.00/SF/YR
Property

Office

41,643 SF
Availability

5 Spaces

2,939 SF
Year Built

1989
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101 SE 6th Ave

101 SE 6th Ave #2, Osceola Park, Delray Beach, FL
For Lease

$48.00/SF/YR
Property

Office

12,000 SF
Availability

1 Space

2,350 SF
Year Built

1979
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3600 S Congress Ave

3600 S Congress Ave, The Hamlet, Boynton Beach, FL
For Lease

Contact for pricing
Property

Industrial
Availability

1 Space

3,117 SF
Year Built

1987
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1615 South Congress Avenue

1615 South Congress Avenue, Delaire, Delray Beach, FL
For Lease

$21.00/SF/YR
Property

Office

98,942 SF
Availability

1 Space

26,482 SF
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Atlantic Crossing - Building I

609 East Atlantic Avenue, Downtown Delray Beach, Delray Beach, FL
For Lease

$45.00/SF/YR
Property

Office

90,000 SF
Availability

1 Space

10,800 SF
Year Built

2022
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The Arbors

1690 South Congress Avenue, Delaire, Delray Beach, FL
For Lease

Contact for pricing
Property

Office

70,093 SF
Availability

1 Space

23,000 SF
Year Built

1982
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2605 W Atlantic Ave

2605 W Atlantic Ave Suite D202, High Point of Delray, Delray Beach, FL
For Lease

Contact for pricing
Property

Office

1,630 SF
Availability Contact for availability
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00000 S State Road 7

S State Road 7, Four Seasons, Delray Beach, FL
For Sale

$10,500,000
Property

VacantLand
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301 SE 1st Avenue Development Site

301 SE 1st Avenue , Atlantic Prak Gardens - Rosemont Park, Delray Beach, FL
For Sale

Subject To Offer
Property

VacantLand
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Lake Ida Plaza

600 North Congress Avenue, Rainberry Bay, Delray Beach, FL
For Lease

$22.00/SF/YR
Property

Retail

79,242 SF
Availability

1 Space

6,200 SF
Year Built

1980
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4771 West Atlantic Avenue

4771 West Atlantic Avenue , High Point of Delray, Delray Beach, FL
For Lease

Contact for pricing
Property

Retail

150,000 SF
Availability Contact for availability
Year Built

1976
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South Delray Shopping Center

3001 South Federal Hwy, Tropic Isle, Delray Beach, FL
For Lease

Contact for pricing
Property

Retail

91,692 SF
Availability

3 Spaces

4,388 SF
Year Built

1984
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Linton Industrial Center

1220-1240 Tangelo Terrace, Atlantic Prak Gardens - Rosemont Park, Delray Beach, FL
For Lease

Contact for pricing
Property

Industrial

66,120 SF
Availability

2 Spaces

4,125 SF
Year Built

1980
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218-226 NE 5th Terrace

218-226 NE 5th Terrace, Seacrest - Palm Trail, Delray Beach, FL
For Sale

$2,250,000
Property

Multi-Family

1,259 SF
Year Built

1961
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The Arbors
Regus
1615 South Congress Avenue Suite 101, Delray Beach, FL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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Palm Court Plaza & Professional Center

5150 Linton Boulevard, Delaire, Delray Beach, FL
For Lease

Contact for pricing
Property

Office

137,760 SF
Availability

6 Spaces

12,400 SF
Year Built

1985
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Boca Ray Plaza

4900 Linton Blvd, Delaire, Delray Beach, FL
For Lease

$22.00/SF/YR
Property

Retail

63,464 SF
Availability

3 Spaces

9,070 SF
Year Built

1986
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