Most listings are in the $30's per square foot per year. The Downtown West Palm Beach submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $37 per sqft per year.
Compared to the rest of the West Palm Beach market, the Downtown West Palm Beach region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 38 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 84% of the available space in the Downtown West Palm Beach 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.
Even though the median size is 2,560 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 6 stories. Most buildings in this area were built in 1956 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.