The typical asking rate per listing is in the $70's per square foot per year. The Casa Del Lago region is seeing a a rise in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Palm Beach market, the Casa Del Lago region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 9 listings have been made available, which means new availabilities 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,430 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 4 floors. 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 approximately 20 minutes a day is the norm for those who opt to reside in this part of town.