On average, listings lease in the $20's per square foot per year. The West Palm Beach region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the West Palm Beach market, the West Palm Beach region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1257 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the office spaces in the West 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,830 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1985 and are Class B.
Real time and historical data on commercial real estate listings in West Palm Beach.
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