On average, listings lease in the $50's per square foot per year. The Casa Del Lago submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 24% decrease in rent.
Compared to the rest of the Palm Beach market, the Casa Del Lago region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 122 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available leases in the Casa Del Lago are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,230 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market were built in 1973 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Most of the occupants of Casa Del Lago work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Casa Del Lago.
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