The typical asking rate per listing is in the $60's per square foot per year. The Casa Del Lago submarket is going through a a rise in rates. In the last 3 months, the median rate went up $66 per sqft per year.
Compared to the rest of the Palm Beach market, the Casa Del Lago region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 22 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 64% of the available leases in the Casa Del Lago are subleases, so you might be able to snag a great spot on a short term. 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 1,550 sqft. Most properties in this market are approximately 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.