On average, listings lease in the $20's per square foot per year. The Southwest Boca Raton submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Gold Coast market, the Southwest Boca Raton submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 380 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available space in the Southwest Boca Raton are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,210 sqft. Most buildings in this market are around 4 stories. Most buildings in this area were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Southwest Boca Raton folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Southwest Boca Raton.
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