Downtown West Palm Beach Office Space

Downtown West Palm Beach

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
1,600
As of: July 27, 2017

Downtown West Palm Beach Rates

Most listings are in the $30's per square foot per year. The Downtown West Palm Beach region is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 17% decline in rent.

Compared to the rest of the West Palm Beach market, the Downtown West Palm Beach region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Downtown West Palm Beach Listing Supply

In the last 90 days, 38 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 87% of the available space in the Downtown West Palm Beach are subleases, so you might be able to find a shorter term or below market rent. 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 1,670 sqft. Most properties in this market are approximately 5 stories. Most buildings in this region were built in 1956 and are Class A.

Downtown West Palm Beach Community

A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown West Palm Beach residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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