Most listings are in the $30's per square foot per year. The Downtown West Palm Beach region is going through a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the West Palm Beach market, the Downtown West Palm Beach submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 387 listings have been made available, so you'll want to check back regularly for new listings. About 9% of the available leases in the Downtown West Palm Beach are subleases, so you will probably have to focus your search on direct office leases. 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 1,390 sqft. Most properties in this area are around 5 floors. Most buildings in this market were built in 1982 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 occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown West Palm Beach.
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