Palm Beach Retail

Palm Beach

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
1,450
As of: May 21, 2017

Palm Beach Rates

Most listings are in the $50's per square foot per year. The Palm Beach 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 Palm Beach submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Palm Beach Listing Supply

In the last 90 days, 22 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the listings in the Palm Beach are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, 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 properties in this region are close to 3 floors. Most buildings in this area 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