West Palm Beach office market reports

Q2 2024

During the second quarter of 2024, the West Palm Beach office market conditions have remained resilient. Leasing activity slowed, reaching 480,000 square feet, job growth remained positive with a 1.7% increase year-over-year, and just under 800,000 square feet of new office inventory is currently under construction.

Average asking rate

Over the past 5 years, the West Palm Beach average full-service asking rate has increased 30.6%, to $50.59 per square foot.

≤12 mo.

Lease terms

Year-over-year, there has been a 10% increase in executed leases with a 12-month or less term.

787k sf

Under construction

West Palm Beach’s office market currently has over 787k square feet of new office inventory under construction.

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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