On average, listings lease in the $20's per square foot per year. The Southwest Boca Raton submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decline 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 depreciated region.
In the last 90 days, 17 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 12% of the available space in the Southwest Boca Raton are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,850 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this market 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 area. Commute by walking is the most popular way to get to work amongst Southwest Boca Raton residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.