On average, listings lease in the $50's per square foot per year. The Palm Beach region is experiencing a decline 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 Palm Beach submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 130 listings have been listed, 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 properties in this market are close to 3 stories. Most buildings in this market were built in 1973 and are Class A.
Real time and historical data on commercial real estate listings in Palm Beach.
Get email notifications when new listings are posted that match your requirements.