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 decreased $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 region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 38 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,490 sqft. Most buildings in this region are close to 6 stories. Most buildings in this area 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 market. Commute by bike is the most popular way to get to work amongst Downtown West Palm Beach residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.