On average, listings lease in the $60's per square foot per year. The Casa Del Lago region is experiencing a a rise in rates. In the last 3 months, the median rate increased $66 per sqft per year.
Compared to the rest of the Palm Beach market, the Casa Del Lago submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 22 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 64% of the available leases in the Casa Del Lago are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 region are close to 3 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 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.