On average, listings lease in the $30's per square foot per year. The Southwest Boca Raton submarket is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Gold Coast market, the Southwest Boca Raton region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 35 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Southwest Boca Raton are subleases, so you will probably have to consider a longer term 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 3,330 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 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.