Most listings are in the $50's per square foot per year. The Casa Del Lago submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Palm Beach market, the Casa Del Lago submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 22 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the Casa Del Lago are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,450 sqft. Most buildings in this region are around 3 floors. Most buildings in this area 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 around 20 minutes a day is the norm for those who opt to reside in this part of town.