On average, listings lease in the $60's per square foot per year. The Casa Del Lago submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 4% decline in rent.
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 discounted submarket.
In the last 90 days, 5 listings have been listed, which means new availabilities 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.
The standard measurement for office space in this area is around 1,410 sqft. Most properties in this area are around 4 stories. Most buildings in this area were built in 1973 and are Class A.
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.