Palm Beach Sublease

Palm Beach

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$53
Median Size (sqft)
560
As of: January 17, 2017

Palm Beach Rates

Most listings are in the $50's per square foot per year. The Palm Beach region is seeing a decrease in rates. In the last 3 months, the median rate fell $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 depreciated submarket.

Palm Beach Listing Supply

In the last 90 days, 26 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the listings in the 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 480 sqft. Most properties in this area 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