Palm Beach Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Avison Young
Quarterly office market indicators for Palm Beach, aggregated by CREhunt from Cushman & Wakefield, Avison Young. As of Q2 2026, average asking rent was $57.75/SF/yr and vacancy was 11.9%, per Cushman & Wakefield.
Projected current office pricing — Palm Beach
Modeled 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 Q2 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent held flat). Assumes ~88% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $57.75/SF/yr | 11.9% | 82K SF | 4 SF | Cushman & Wakefield |
| Q4 2025 Avison Young | — | 14.0% | — | — | Avison Young |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Palm Beach office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| BOCA RATON | $53.04/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Boynton Beach | $29.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Delray Beach | $56.78/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown Boca Raton | $68.56/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Federal Highway Corridor | $44.64/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Glades Road | $63.92/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Jupiter/Tequesta/Juno | $46.42/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| NORTH PALM BEACH | $52.12/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northwest Boca Raton | $46.19/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Palm Beach | $113.67/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Palm Beach Gardens | $52.63/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| SOUTH PALM BEACH | $52.92/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southwest Boca Raton | $40.46/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| SUBURBAN PALM BEACH | $51.09/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Suburban West Palm Beach | $38.47/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| SUBURBAN WPB | $41.08/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for office space in Palm Beach?
- As of Q2 2026, the average asking rent for office space in Palm Beach was $57.75/SF/yr, per Cushman & Wakefield.
- What is the office vacancy rate in Palm Beach?
- The office vacancy rate in Palm Beach was 11.9% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Palm Beach market data come from?
- This report aggregates quarterly office market data for Palm Beach from Cushman & Wakefield, Avison Young.