West Palm Beach office market reports
Q1 2024
During the first quarter of 2024, the West Palm Beach office market exhibited robust performance. Leasing activity for the quarter exceeded 520,000 square feet, accompanied by positive net absorption of +49,949 square feet, with over 765,010 square feet of new office developments underway.
Difference in trophy and class A asking rates
West Palm Beach has the highest average asking rate for trophy office space in South Florida at $124.43 psf, a notable $70.88 premium compared to class A.
Net absoprtion
The office market experienced nearly 50,000 square feet of positive net absorption during the first quarter of 2024.
Office-using job postings growth
There were over 5,400 job postings for consulting, research, accounting, and recruiting occupations in Q1 2024, up 8% year-over-year.
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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