Commercial Real Estate Market in Boca Raton, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
277 active listings and 2,895 off-market properties in Boca Raton, FL. Commercial property asks $826/SF to buy and $35.02/SF/Yr to lease.
Market Trends
Boca Raton, FL spans 73.5 square miles in Palm Beach County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Boca Raton, FL asks $607/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Boca Raton, FL asks $369/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Boca Raton, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Boca Raton, FL asks $329/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Boca Raton, FL has 236,639 residents in 119,149 households. Density runs 3,221 people per square mile. Median household income here is $95,259 and median gross rent $2,334 a month.
236,639
Population
119,149
Households
2
Avg Household Size
48
Median Age
54%
College-Educated
94%
High-School Grad
73.5 sq mi
ZIP Area
3,221
Density / Sq Mi
$95,259
Median Household Income
$49,853
Median Earnings
$2,334
Median Rent
$541,014
Median Home Value
Tools
Lease vs Buy Breakeven
At $35.02/SF/Yr lease vs $826/SF buy → buying wins if held > 17.3 years.
At a 4.2% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Deerfield Beach | $386 (county avg) | $23.84 |
| Pompano Beach | $386 (county avg) | $20.84 |
| Parkland | $386 (county avg) | — |
Commercial property in Boca Raton, FL asks $826/SF. The 3 bordering markets run from $386/SF in Deerfield Beach to $386/SF in Deerfield Beach, and the city sits above their $386/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Boca Raton?
Commercial property in Boca Raton, FL asks an average of $826 per square foot. The 6 most recent recorded sales traded at a median of $507/SF, so asking sits 63% above the achieved median. Office carries the highest asking price at $607/SF.
How much does it cost to lease commercial space in Boca Raton?
Asking lease rates in Boca Raton, FL average $35.02 per square foot per year.
Is it cheaper to lease or buy commercial space in Boca Raton?
Buying beats leasing in Boca Raton, FL if the property is held longer than 17.3 years, comparing $35.02/SF/Yr asking rent with $826/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Boca Raton compare to nearby markets on price?
Boca Raton, FL asks $826/SF against $386/SF in Deerfield Beach, $386/SF in Pompano Beach and $386/SF in Parkland. Deerfield Beach is the cheapest entry point at 53% below Boca Raton pricing, with $23.84/SF/Yr asking rents.
Where does Realmo's Boca Raton market data come from?
Realmo compiles Boca Raton, FL figures from 7 recent recorded sales, 94 active sale listings, 183 active lease listings, 2,895 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 94 active for-sale and 183 active for-lease listings in Boca Raton, FL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
