Downtown West Palm Beach Retail

Downtown West Palm Beach

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Downtown West Palm Beach Rates

On average, listings lease in the $20's per square foot per year. The Downtown West Palm Beach submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decline in rent.

Compared to the rest of the West Palm Beach market, the Downtown West Palm Beach region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Downtown West Palm Beach Listing Supply

In the last 90 days, 32 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,150 sqft. Most properties in this area are close to 8 stories. Most buildings in this market were built in 1982 and are Class A.

Downtown West Palm Beach Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. 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.