Palm Beach Office Space

Palm Beach

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
900
As of: January 22, 2017

Palm Beach Rates

The typical asking rate per listing is in the $50'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 $1 per sqft per year. That's a 2% decline in rent.

Compared to the rest of the Palm Beach market, the Palm Beach region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Palm Beach Listing Supply

In the last 90 days, 29 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 45% of the available space 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 900 sqft. Most properties in this market are around 3 floors. Most buildings in this market were built in 1973 and are Class B.

Palm Beach Community

Market Report

Trends and status of the commercial real estate market in Palm Beach.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Palm Beach.
Research

Palm Beach Submarkets