On average, listings lease in the $70's per square foot per year. The Palm Beach region is experiencing a an increase in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Palm Beach market, the Palm Beach submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 9 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,430 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1973 and are Class B.