Figures

Palm Beach Figures - Q2 2024

July 9, 2024 5 Minute Read

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  • High quality Class A space in West Palm CBD demands a significant premium with average rents reaching a historic $67.70 PSF, a 7.7% increase over same time last year.
  • Vacancy of several large blocks in North & West Boca has led to negative absorption of 119K SF in South County, while North County had 38K SF positive absorption.
  • Construction pipeline in Palm Beach County remains strong with over 1.1M SF of office space under development.