Palm Beach Sublease

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

On average, listings lease in the $50's per square foot per year. The Palm Beach region is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 10% decrease 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, 22 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 5% of the available leases in the Palm Beach are subleases, so you will probably have to focus your search on direct office leases. 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 area are around 3 floors. Most buildings in this region 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.
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Palm Beach Submarkets