Market Trends
- Strong pre-leasing activity at major office developments signals sustained tenant demand, although varying commitment levels are placing upward pressure on availability rates.
- Class A asking rents are expected to continue rising in the near term before stabilizing as new developments enter the market, potentially easing pricing pressure on tenants.
- Boca Raton North has led office occupancy growth over the past 12 months, driven by strong tenant activity at The Park at Broken Sound and Boca Raton Innovation Campus.