Boca Raton continues to be recognized for its strong business climate, innovation, and unmatched quality of life — and more companies are choosing to call it home. The Office of Economic Development is here to help businesses explore the opportunities that make our City stand out. | | |
Read the latest insights on the City's business landscape and economic growth initiatives.
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Significant Commercial Leasing Activity, Colliers International, 2025 Q1-Q2
Boca Raton has one of the LOWEST PROPERTY TAX RATES for a full-service city in Florida.
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Boca Raton Leads Palm Beach County in Commercial Leasing Activity
Boca Raton boasted 127,735 sq. ft. of significant commercial leasing activity in the first half of 2025 — far surpassing West Palm Beach’s 21,160 sq. ft. This strong performance reflects the City's prime location, top-tier commercial spaces, and business-friendly environment, cementing Boca Raton as South Florida’s go-to destination for growth and investment.
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Growth Continues at Research Park at FAU
Research Park at FAU is seeing strong leasing activity, with over 25,000 square feet recently signed and several tenants planning expansions. The Park still offers prime space for corporate headquarters, technology, and bioscience firms. With direct access to FAU’s talent, research, and innovation ecosystem, it remains a hub for growth and collaboration.
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BRiC Development Moves Forward
Plans are advancing to transform the Boca Raton Innovation Campus (BRiC), the City’s largest office campus and birthplace of the IBM PC. New site plans include multifamily housing, retail, entertainment, and an indoor pickleball facility. The project will add residences, shops, dining, and wellness amenities, enhancing BRiC as a hub for innovation and community life.
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The Office of Economic Development recently partnered with the South Florida Business Journal to host a “Breakfast with the Journal” event, held in collaboration with Grover Corlew and Venture X. The event took place at Venture X's newly opened space at the recently renovated Palmetto Central, 1489 W. Palmetto Park Road.
This well-attended gathering brought together 100+ local executives, business leaders, and community stakeholders for a morning of networking, discussion, and economic development updates. The event highlighted the region’s growing momentum and underscored the importance of continued public-private collaboration to drive innovation and investment across South Florida.
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The Office of Economic Development recently participated in key industry interviews to discuss the City’s strategy for attracting and supporting businesses. The conversations highlight the initiatives driving growth and opportunity in Boca Raton.
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Why Innovative Companies Choose Boca Raton?
Hear from Travis Greenhalgh, CEO of SurGenTec, a Boca Raton based cutting-edge medical device company specializing in spine and orthopedic implants.
In our latest Business Leader Spotlight, Travis shares how the city’s growing biotech industry and unique work-play lifestyle fuel the innovation and energy behind their success.
| | Watch his interview and see why industry leaders are thriving in Boca Raton. | | Special thanks to the City's Boca TV team for producing this feature. | | | | Florida Ranks Top in the Nation for Attracting Workforce Talent
Florida is once again the #1 state for attracting and developing skilled talent. Even more exciting, the Miami–Fort Lauderdale–West Palm Beach metro area (which includes Boca Raton) ranked #3 in the U.S. on Lightcast’s 2025 Talent Attraction Scorecard. With strong job growth, education, and workforce development, Boca Raton is where opportunity thrives. | | | | |
Job Market Remains Strong in Florida
FloridaCommerce announced the state added 7,300 jobs in July 2025 (most current update), continuing its steady employment growth. With an unemployment rate of 3.7% in June, the state has remained below the national average for more than four and a half years. Boca Raton continues to benefit from this strong economic momentum, with growing opportunities across its office, tech, and commercial sectors.
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The City's Concierge Service: Streamlining Development
Offering hands-on support for development projects, moving initiatives forward efficiently.
Project Highlight: Boca Paddle
The City is actively coordinating with Boca Paddle through weekly meetings with the applicant and City staff, with input from the Greater Boca Raton Beach & Parks District, to review permit requirements and ensure a smooth approval process. This coordinated approach reflects the City’s commitment to facilitating development while ensuring alignment among all stakeholders.
Other developments currently supported through the Concierge Service include:
- Glass House Residences
- Modera
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Contact Neha James, the City of Boca Raton's Operations & Business Liaison Manager, to streamline your new commercial space, renovation or expansion. njames@bocaraton-fl.gov.
| | More businesses are choosing Boca Raton as the place to grow. As our community evolves, we look forward to continued success and lasting contributions to our economy. Newcomers include: | | Creating a strong, business-friendly environment has always been a priority for Boca Raton, and today’s initiatives continue to position the City as a leader in innovation and economic growth. | | |
Business Owners: LAST CHANCE to Renew Your Business Tax
Don’t miss the deadline — September 30 — to renew your Business Tax Receipt quickly and easily through the City’s online platform, Boca eHUB. Here's how:
- Check your mailbox/email for your renewal notice.
- Log in to Boca eHUB and complete your renewal.
- Review your invoice(s) and pay online.
- Print your BTR/Certificate of Use (available 24 hours after payment).
Questions? Call the Business Tax Authority Team at 561-393-7937 or visit the Business Tax Receipts webpage.
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Partnering with the City on LEED Energy Audits
Own or manage a commercial or multitenant building in Boca Raton that’s 10,000 square feet or larger? The City’s Office of Sustainability invites you to participate in the Building Energy Efficiency Program (BEEP), designed to improve energy performance and reduce electricity costs. To learn more, contact Sustainability Manager Tina Batoh-Jennings at cbatohjennings@bocaraton-fl.gov.
Owner must have access to electrical usage data for the entire building.
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Intern Palm Beach Portal
Providing opportunities for the next generation of business leaders, Intern Palm Beach connects students and job seekers with internships across industries in Boca Raton and Palm Beach County. Search by keyword, location, or field to discover opportunities that can launch your bright future.
| | The City’s varied corporate inventory includes corporate campuses, downtown destinations, historic complexes, customizable spaces, live-work-play options, and more. Some of our top corporate properties are featured below. | | |
6000 Broken Sound
- Full Floor Opportunity
- 18,702 - 24,592 SF Available
- $24 SF/YR
- Class A Office, Modern Lobby
- Near The Park at Broken Sound
- Parking and EV Charging
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399 W Palmetto Park Road
- Flexible Floorplan
- 2,850 SF Available
- $26 SF/YR
- On-Site, Easy Parking
- East Boca Location Close to Major Roadways
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Miss our last 2025 bi-monthly report? Catch up on business in Boca Raton, read it here.
Plus, discover more about Boca Raton’s thriving business environment in the 2024 Annual Report, which highlights key economic achievements and initiatives.
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