Office

Merdian Office Center

merdian office center, boca raton, FL 33487

Price

Price on request

Price/Sq Ft

$3.00

Description

Fantastic opportunity for single-tenant HQ Campus or Full Floor users Built in 1998 and 1999, the Property includes two architecturally identical two-story buildings featuring highly efficient dumbbell-shaped floor plans that lay out well for both single and multi-tenancy. With 610 surface parking spaces, Meridian provides among the submarket’s highest parking ratios, at 4.6 per 1,000 SF.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

merdian office center, boca raton, FL 33487

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Palm Beach office market showed a 7.9% vacancy rate, average asking rents near $13.68/SF/yr, and rents up 7.9% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Projected current pricing

indicative confidence

Projected asking rent

$13.68–$13.94/SF/yr

Estimated sale value

$73–$126/SF

Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Palm Beach office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent trend-adjusted to today).

View the full Palm Beach Office market report →

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other office listings for sale in Boca Raton, FL to benchmark pricing and space — view the full market.

Office market FAQ

Is the Palm Beach office market tightening or softening?: Vacancy is around 7.9%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence

$313.54/SF-$368.87/SF

Mid: $368.87/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Sale Price History

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.