West Palm Beach office market reports

Q3 2024

In the third quarter, the West Palm Beach office market experienced stabilized rental rates, continued tenant demand for trophy spaces, and a slowdown in leasing activity. Net migration in Palm Beach County has slowed, mirroring trends seen in many major cities across Florida. Large block availabilities continue to be a challenge but vary by submarket.
215k sf

Trophy availability

Available trophy office space decreased to only 215,000 square feet. 

$48.70 psf

Asking rates

Office asking rates dipped just slightly for the first time in years as tenant demand stabilizes.

426k sf

Leasing activity

Leasing activity slowed, with just over 426,000 square feet leased this quarter. 

Your source for the latest West Palm Beach office market reports

Get in-depth office market reports from commercial real estate experts in the Greater West Palm Beach area. Avison Young advisors look at West Palm Beach commercial real estate activities and the latest West Palm Beach statistics to provide you expert market research on West Palm Beach's office properties.

Explore different topics like the latest office market pricing trends and analysis of West Palm Beach's current office real estate market conditions. Gain a better understanding of West Palm Beach’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in West Palm Beach's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in West Palm Beach.

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