The Villages of Palm Beach Lakes Retail

The Villages of Palm Beach Lakes

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,670
As of: July 26, 2017

The Villages of Palm Beach Lakes Rates

The typical asking rate per listing is in the $10's per square foot per year. The The Villages of Palm Beach Lakes submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decrease in rent.

Compared to the rest of the Gold Coast market, the The Villages of Palm Beach Lakes submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

The Villages of Palm Beach Lakes Listing Supply

In the last 90 days, 5 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 80% of the office spaces in the The Villages of Palm Beach Lakes 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.

Even though the median size is 2,670 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 1 stories. Most buildings in this area were built in 1989 and are Class B.

The Villages of Palm Beach Lakes Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst The Villages of Palm Beach Lakes occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in The Villages of Palm Beach Lakes.
Market Report

Market Data

Real time and historical data on commercial real estate listings in The Villages of Palm Beach Lakes.
Research

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