The typical asking rate per listing is in the $20's per square foot per year. The Downtown West Palm Beach region is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the West Palm Beach market, the Downtown West Palm Beach submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 38 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,720 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 6 floors. Most buildings in this region were built in 1982 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown West Palm Beach folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.