West Palm Beach office market reports

Q1 2025

The West Palm Beach office market experienced a decrease in sublet availability and record-high trophy asking rental rates during the first quarter of 2025. Although the overall market is seeing positive momentum, investment sales activity remains tempered. As leasing activity and return-to-office activity increases, this should allow the investment activity to pick up as investors find renewed interest in the market.
-60 bps

Sublet availability

Sublet availability has been decreasing over the last 12 months and is down 60 bps to 2.7%—the lowest rate since Q1 2023.

$143.83 psf FS

Trophy asking rents

Trophy asking rental rates continue to increase as flight to quality remains a trend in the West Palm Beach market.

$29.3M

Investment sales activity

Investment sales activity remains tempered with only $29.3M trading in the first quarter of 2025 after a strong finish in 2024 with $81.4M in the fourth 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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