Downtown West Palm Beach Sublease

Downtown West Palm Beach

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
2,720
As of: March 12, 2017

Downtown West Palm Beach Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown West Palm Beach region is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 20% decline in rent.

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

Downtown West Palm Beach Listing Supply

In the last 90 days, 38 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 2,720 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 6 floors. Most buildings in this region were built in 1982 and are Class A.

Downtown West Palm Beach Community

A large portion of this market is residential, but there's plenty of 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 folk. 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