On average, listings lease in the $30's per square foot per year. The Southwest Boca Raton region is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Gold Coast market, the Southwest Boca Raton submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 48 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Southwest Boca Raton are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,080 sqft. Most buildings in this area are close to 4 stories. 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 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.