On average, listings lease in the $50's per square foot per year. The Casa Del Lago region is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 11% decrease 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 undervalued submarket.
In the last 90 days, 25 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 52% of the listings in the Casa Del Lago are subleases, so you might be able to snag a great spot on a short term. 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 560 sqft. Most buildings in this market are approximately 4 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 region. Most of the occupants 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.