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The typical asking rate per commerial real estate listing leases is in the $60's per square foot per year. The Palm Beach submarket is experiencing a decline in rates. In the last 3 months, the median rate for lease decreased $5 per sqft per year.
Compared to the rest of the Palm Beach commercial real estate market, the Palm Beach submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 180 days, 130 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available commercial real estate space in the Palm Beach are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 230 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market were built approximately 1972 and are Class B.
Real time and historical data on commercial real estate listings in Palm Beach.
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