The typical asking rate per listing is 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 $14 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Palm Beach market, the Palm Beach region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 130 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available space in the Palm Beach 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.
Even though the median size is 4,900 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 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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