The typical asking rate per listing is in the $50's per square foot per year. The Casa Del Lago region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Palm Beach market, the Casa Del Lago submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 25 listings have been listed, which means new availabilities are probably leasing quickly. 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 find a shorter term or below market rent. 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 410 sqft. Most properties in this market are approximately 4 stories. Most buildings in this region 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 area. Most of the occupants of Casa Del Lago work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.