Palm Beach Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield
Quarterly office market indicators for Palm Beach, aggregated by PropZone from Cushman & Wakefield. As of Q1 2026, average asking rent was $13.68/SF with a 7.9% vacancy rate.
Projected current office pricing — Palm Beach
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Palm Beach office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent trend-adjusted to today). Assumes ~92% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $13.68/SF | 7.9% | 109K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in Palm Beach?
- As of Q1 2026, the average asking rent for office space in Palm Beach was $13.68/SF, per Cushman & Wakefield.
- What is the office vacancy rate in Palm Beach?
- The office vacancy rate in Palm Beach was 7.9% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Palm Beach market data come from?
- This report aggregates quarterly office market data for Palm Beach from Cushman & Wakefield.