On average, listings lease in the $20's per square foot per year. The Royal Palm Beach submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 35% decrease in rent.
Compared to the rest of the Gold Coast market, the Royal Palm Beach region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this region were built in 2001 and are Class A.