Boca Raton, a city in Palm Beach County, Florida, is an attractive location for investing in Office Properties For Sale. With its rich history, Mediterranean Revival architecture, and luxury beach culture, Boca Raton offers a unique blend of business and leisure opportunities. Office Properties in Boca Raton are a good investment option due to the city's strong economy, which is driven by industries such as office products and services, media, consumer products, e-retail, and gaming. These properties can represent a range of investments, from single-story buildings to multi-story complexes, and can cater to various business needs. Boca Raton's infrastructure, including the Tri-Rail commuter rail system, freight services, and major roads, makes it an ideal location for businesses that require easy access to transportation. The city's amenities, such as the Boca Raton Museum of Art, Mizner Park Cultural Center, and high-end gated communities, also contribute to its appeal. With a low crime rate and a strong educational system, including Florida Atlantic University, Boca Raton is an attractive location for businesses and residents alike.
Boca Raton's Office Properties For Sale offer a range of opportunities for investors. With 23 listings available, there are plenty of options to choose from. The average price per square foot is $458 USD, and the average size of these properties is 11,839 square feet, with the largest property spanning 57,050 square feet. The average cap rate is 6.76%. In addition to Office Properties, Boca Raton also offers other investment opportunities, such as Commercial Real Estate, which can cater to a range of business needs, from retail to industrial uses. Apartment Buildings are another option, providing a steady income stream through rental properties. Shopping Centers, with their high foot traffic, can be a lucrative investment, while Hotels offer a unique opportunity to capitalize on the city's tourism industry. With its diverse economy and range of investment opportunities, Boca Raton is an attractive location for investors looking to diversify their portfolios.
What is the average price per square foot for office properties in Boca Raton?
The average price per square foot for office properties in Boca Raton is $458 USD per square foot, with 23 available listings ranging in size from 11,839 square feet to 57,050 square feet, and an average cap rate of 6.76%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Boca Raton, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, offering top-notch amenities and services, such as 24/7 security and on-site parking.
- Class B office properties are mid-range buildings with standard finishes and amenities, often located in decent areas, providing a balance between quality and affordability.
- Class C office properties are older, less renovated buildings with basic amenities, usually situated in less desirable locations, offering a more budget-friendly option for investors.
