On average, listings lease in the $50's per square foot per year. The Casa Del Lago region is seeing a decline in rates. In the last 3 months, the median rate fell $14 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the Palm Beach market, the Casa Del Lago submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 122 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the listings in the Casa Del Lago are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, 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 availabilities below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region 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 close to 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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