Commercial Real Estate Market in Palm Beach, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
34 active listings and 509 off-market properties in Palm Beach, FL. Commercial property asks $10,571/SF to buy and $129.29/SF/Yr to lease. Office vacancy runs 13.8%, the loosest of the segments tracked here.
Market Trends
Palm Beach, FL spans 3.9 square miles in Palm Beach County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Palm Beach, FL asks $607/SF to buy. Vacancy runs 13.8% in 2025, down from 14.5% in 2019. Nearly 1.3x the 2022 low of 10.7%.
Average Sale Price $/SF
Listings
Vacancy Rate %
Retail
Retail space in Palm Beach, FL asks $369/SF to buy. Vacancy runs 4.8% in 2025, down from 5.4% in 2019. Down from a 2020 peak of 6.6%.
Average Sale Price $/SF
Listings
Vacancy Rate %
Industrial
Industrial vacancy in Palm Beach, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Palm Beach, FL asks $329/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Palm Beach, FL has 10,716 residents in 12,438 households. Density runs 2,731 people per square mile. Median household income here is $151,121 and median gross rent $1,840 a month.
10,716
Population
12,438
Households
0.9
Avg Household Size
68
Median Age
65%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
2,731
Density / Sq Mi
$151,121
Median Household Income
$81,850
Median Earnings
$1,840
Median Rent
$1,218,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mangonia Park | — | — |
| West Palm Beach | — | $50.43 |
Commercial property in Palm Beach, FL asks $10,571/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palm Beach?
Commercial property in Palm Beach, FL asks an average of $10,571 per square foot. The 5 most recent recorded sales traded at a median of $870/SF, so asking sits 1115% above the achieved median. Office carries the highest asking price at $607/SF.
How much does it cost to lease commercial space in Palm Beach?
Asking lease rates in Palm Beach, FL average $129.29 per square foot per year.
What is the office vacancy rate in Palm Beach?
Office vacancy in Palm Beach, FL is 13.8% as of 2025, down from 14.5% in 2019. Retail vacancy is 4.8%, below Office vacancy.
Which property type has the lowest vacancy in Palm Beach?
Retail has the lowest vacancy in Palm Beach, FL at 4.8%, inside a 3.8–6.6% band since 2019. For comparison: office 13.8%, industrial 7.9% (South) and multifamily 11.3% (South).
Where does Realmo's Palm Beach market data come from?
Realmo compiles Palm Beach, FL figures from 7 recent recorded sales, 16 active sale listings, 18 active lease listings, 509 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 18 active for-lease listings in Palm Beach, FL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- industrial vacancy is reported at South region level, multifamily vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
