On average, listings lease in the $30's per square foot per year. The Southwest Boca Raton region is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Gold Coast market, the Southwest Boca Raton submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 40 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the listings in the Southwest Boca Raton are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,090 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.