Palm Beach County's office market ranks 11th in the nation for rent, with Class A rents averaging $42.92, a 9% increase since 2019. Boca Raton's mayor highlighted the city's efforts to attract businesses, having leased over 1.1 million square feet of commercial real estate in three years. The area is experiencing growth, with 304,000 square feet of office space under construction. Residents express hope that new developments will enhance the community without displacing locals, aiming for sustainable growth.
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