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Downtown Office Space with Views
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505 South Flagler Drive, West Palm Beach, FL

Renovated office space in downtown West Palm Beach.

Space Size7,253 SF
Lot Size3.36 Acres
Days on Market475

Property Features for 505 South Flagler Drive

General Information

Standard status Active
Size 7,253 SF
Lot size 3.36 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 505 South Flagler Drive Contact us

Flagler Center II $30/SF/Yr

Floor
6
Size
7,253 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
Yes
- Flagler Center is a 254,700-square-foot office complex situated along the scenic...
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Listing Agency: Colliers | West Palm Beach
Listed By: Derek Baker · License #3297947
Source: Moodyscre
Added: May 6, 2025 Changed: Aug 8 Last Checked: Aug 23 at 12:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | West Palm Beach

Investment Insights

Based on property information with market context.

Flagler Center is a 254,700-square-foot office complex located along Flagler Drive in downtown West Palm Beach. The property has recently undergone over $2 million in renovations, including upgrades to the lobbies, elevators, restrooms, and common areas. The available office space is 7,253 square feet and includes furniture. Garage parking with a covered walkway is available. The property offers water views of the Intracoastal Waterway and the Atlantic Ocean. The listed price is $30.

Key Highlights

  • Prime waterfront location on Flagler Drive in downtown West Palm Beach.
  • Extensive recent renovations exceeding $2 million.
  • Expansive water views (Intracoastal & Atlantic).

Property Analytics

Current Use

MRACHEK, FITZGERALD, ROSE, ... Law Firm US Secret Service Federal Government Office Caler Donten Levine: ... Accounting Firm Carlee G. Mattison Law Firm Atlantic Drayage & Transport Trucking Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Mobile Phone Store Restaurant Supermarket Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,381
Businesses Nearby

Market

Lease Benchmarks for West Palm Beach, FL

$29.43 /SF/Yr
Avg Asking Price
$2.77–$57 /SF/Yr
Price Range
4,377 SF
Avg Space Size

This space is priced 2% above the average of $29.43 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Renovated office space in downtown West Palm Beach.
Where is this office units located?
The property is located at 505 South Flagler Drive West Palm Beach, FL.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Prime waterfront location on Flagler Drive in downtown West Palm Beach.; Extensive recent renovations exceeding $2 million.; Expansive water views (Intracoastal & Atlantic).
(954) 501-1010 Call to check price and availability
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