Downtown West Palm Beach Sublease

Downtown West Palm Beach

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,560
As of: May 18, 2017

Downtown West Palm Beach Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown West Palm Beach submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 40% rise 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, 38 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available leases in the Downtown West 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,560 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this area were built in 1956 and are Class A.

Downtown West Palm Beach Community

A large portion of this region 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 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.
Research