Most listings are in the $50's per square foot per year. The Palm Beach submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 24% decline in rent.
Compared to the rest of the Palm Beach market, the Palm Beach submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 130 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available leases in the Palm Beach are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 810 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1973 and are Class B.
Real time and historical data on commercial real estate listings in Palm Beach.
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