On average, listings lease in the $60's per square foot per year. The Palm Beach submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the Palm Beach market, the Palm Beach region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 28 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 46% of the available leases in the Palm Beach 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.
The standard measurement for office space in this area is around 530 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market were built in 1973 and are Class B.