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The Harvey Building Listing Details & Market Data

Off-Market

224 Datura Street, West Palm Beach, FL 33401

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 87,500 SF
  • Lot Size 0.22 Acre
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1926

Location

  • City West Palm Beach, FL
  • Neighborhood Providencia Park
  • Zip Code 33401
  • Market West Palm Beach Boca Raton

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 10 Aug, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in West Palm Beach

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in West Palm Beach Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $39.88
  • 2020 Office Vacancy Rate 14.20%
  • 2020 Office Completions (SF) 60,000

West Palm Beach Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $152.48
  • Y-o-Y Avg. PpSF Change -20.18%
  • 2020 Office Sales Volume $51.5M
  • 2020 Number of Transactions 7

Tax

  • Base Tax $195,067
  • Current Tax $223,728
  • Market Value* $8,575,601
  • Assessed Value $8,575,601

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.