Most listings are in the $50's per square foot per year. The Casa Del Lago submarket is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 10% decline 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 discounted region.
In the last 90 days, 25 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 52% of the office spaces 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 410 sqft. Most properties in this area are around 4 stories. Most buildings in this market 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 region. Most of the residents 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.