The typical asking rate per listing is in the $60's per square foot per year. The Casa Del Lago submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Palm Beach market, the Casa Del Lago region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 22 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 32% of the available leases in the Casa Del Lago are subleases, so you might be able to find a shorter term or below market rent. 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 1,530 sqft. Most buildings in this area are around 3 floors. Most buildings in this area 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 folk of Casa Del Lago work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.