Palm Beach Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from CBRE, Colliers, Lee Associates
Quarterly multifamily market indicators for Palm Beach, aggregated by PropZone from CBRE, Colliers, Lee Associates. As of Q1 2026, average asking rent was $2385.00/SF with a 5.8% vacancy rate.
Projected current multifamily pricing — Palm Beach
low confidenceProjected asking rent
$2,385/unit/mo
Estimated sale value
$249,897–$312,371/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 CBRE data (cap rate 5.6%, asking rent held flat). Assumes ~94% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $2385.00/SF | 5.8% | 14K SF | — | CBRE |
| Q1 2025 | $1604.00/SF | — | 0K SF | — | Colliers |
| Q1 2025 | $1856.00/SF | 16.7% | 0K SF | — | Lee Associates |
Frequently asked questions
- What is the average asking rent for multifamily space in Palm Beach?
- As of Q1 2026, the average asking rent for multifamily space in Palm Beach was $2385.00/SF, per CBRE.
- What is the multifamily vacancy rate in Palm Beach?
- The multifamily vacancy rate in Palm Beach was 5.8% as of Q1 2026 (CBRE).
- Where does PropZone's Palm Beach market data come from?
- This report aggregates quarterly multifamily market data for Palm Beach from CBRE, Colliers, Lee Associates.
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