Market Report · Palm Beach County

Boca Raton

Leasing activity and current availability in Boca Raton — square footage absorbed, asking rates, and how fast the market is clearing, from the spaces we track every day.

41 spaces leased · 90 days162k SF absorbed211 spaces available nowUpdated Sep 14, 2026
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HomeMarket ReportPalm BeachBoca Raton

Boca Raton in the last 90 days

Each figure is compared with the 90 days before it. Green means the market moved the way a landlord wants; red the other way.

Spaces leased

41

Previous8
% change+412.5%
Trend

SF absorbed

162kSF

Previous34k
% change+379.3%
Trend

Average asking

$35.15/SF/yr

Previous$28.50
% change+23.3%
Trend

Typical deal

1,919SF

Previous3,336
% change-42.5%
Trend
Market health

How fast is Boca Raton clearing?

Three readings that say whether this is a landlord's or a tenant's market right now. The black tick on each dial marks the previous 90-day period.

Market velocity

Previous period: 4%0%50%

20%

20% of the square footage listed today was absorbed in the last 90 days — the prior period cleared 4%.

Months of supply

Previous period: 71036

15

At the current pace, today's inventory would take about 15 months to clear. Under 12 favours landlords; over 24 favours tenants.

Asking-rate spread

Previous period: 75%60%140%

93%

Spaces that left the market were asking 93% of today's average listed rate ($37.79). Under 100% means the cheaper space is moving first.

Leasing activity

Twelve months of absorption

Square footage that came off the market each month, with a three-month trend line. Activity is dated by the market check that found the space gone, so months can cluster around sweeps.

SF absorbed by month

Bars: monthly total · Line: three-month average

020k40k60k80k100kOct: 0OctNov: 0NovDec: 0DecJan '26: 0Jan '26Feb: 0FebMar: 0MarApr: 0AprMay: 34k34kMayJun: 0JunJul: 93k93kJulAug: 0AugSep: 69k69kSepOct trend: 0Nov trend: 0Dec trend: 0Jan '26 trend: 0Feb trend: 0Mar trend: 0Apr trend: 0May trend: 11kJun trend: 11kJul trend: 42kAug trend: 31kSep trend: 54k

Spaces leased by month

Count of spaces withdrawn

010203040OctNovDecJan '26FebMarAprMayJunJulAugSepSpaces · Oct: 0Spaces · Nov: 0Spaces · Dec: 0Spaces · Jan '26: 0Spaces · Feb: 0Spaces · Mar: 0Spaces · Apr: 0Spaces · May: 8Spaces · Jun: 0Spaces · Jul: 33Spaces · Aug: 0Spaces · Sep: 88

SF absorbed by asset class

Last 90 days

Industrial: 58k (42%)Office: 47k (35%)Retail: 31k (23%)162kSF
  • Industrial58k · 42%
  • Office47k · 35%
  • Retail31k · 23%

Monthly absorption by asset class

Stacked SF, last twelve months

020k40k60k80k100kOctNovDecJan '26FebMarAprIndustrial · May: 11kOffice · May: 23k34kMayJunIndustrial · Jul: 26kOffice · Jul: 30kRetail · Jul: 27k82kJulAugIndustrial · Sep: 32kOffice · Sep: 17kRetail · Sep: 4k54kSep
  • Industrial68k
  • Office70k
  • Retail31k
  • Land0

Deals by size band

Number of spaces, by square footage

26
<2.5k
4
2.5-5k
6
5-10k
5
10-25k
What's moving

Where the demand is

The submarkets, asset classes and size ranges that cleared the most space in the last 90 days.

By asset class

  1. 1Industrial58k SF11 spaces · $25.81
  2. 2Office47k SF11 spaces · $36.50
  3. 3Retail31k SF9 spaces · $35.00

By size band

  1. 1<2.5k SF26 deals33k SF
  2. 25-10k SF6 deals40k SF
  3. 310-25k SF5 deals75k SF
  4. 42.5-5k SF4 deals14k SF

Pace

  1. ·Per month13.8 spaces55k SF
  2. ·Removal dates in window3market sweeps
Available now

What's on the market in Boca Raton today

Current availability across the spaces we track, and what it is asking.

Spaces available

211

listed for lease or sale

SF available

811kSF

811,320 square feet

Average asking

$37.79/SF/yr

133 spaces quote a rate

Largest band

<2.5kSF

most listed size range

SF available by asset class

What's on the market, by volume

Office: 359k (46%)Retail: 216k (27%)Industrial: 213k (27%)811kSF
  • Office359k · 46%
  • Retail216k · 27%
  • Industrial213k · 27%

Average asking by asset class

$/SF/yr across listed spaces

Retail$41.18/SF/yr
Office$39.52/SF/yr
Industrial$34.70/SF/yr

Available spaces by size band

Number of spaces listed, by square footage

129
<2.5k
38
2.5-5k
21
5-10k
21
10-25k
2
25-50k

Absorbed vs available, by asset class

Share of listed SF that cleared in 90 days

Industrial27%
Retail14%
Office13%
Methodology

Where the numbers come from. RE/MAX Industrial Assets maintains its own database of industrial, flex, office and retail space across South Florida and re-checks the market continuously; a space is dated by the check that found it gone, so activity can cluster on sweep dates. A space counts as leased here when it is withdrawn from the market; most are signed leases, some are landlords pulling or re-listing, and we say "leased" rather than "signed" for that reason. Rates are asking rates at the time the space came off the market, not achieved rents. Market velocity is SF absorbed in the window divided by SF listed today; months of supply is SF listed today divided by the window's monthly absorption pace. Figures are aggregates; no individual listing is identified. Not an offer, appraisal or investment advice.

Updated September 14, 2026 · RE/MAX Industrial Assets

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© 2026 RE/MAX Industrial Assets · Market data from the RIA listing database.