Office Market in Palm Beach Improves

WEST PALM BEACH, FL-The vacancy rate in Palm Beach dropped 1% from 24.5% in Q1 2010 to 23.5% at the end of Q2 2010.

By GlobeSt News Portal | July 27, 2010 at 12:58 PM

WEST PALM BEACH, FL-The vacancy rate in Palm Beach dropped 1% from 24.5% in Q1 2010 to 23.5% at the end of Q2 2010. As a result of this, the asking rate for the county rose to $27.76 per square feet, this after it had fallen for six quarters in a row.

The total leasing activity at the end of the quarter stood at 693,690 square feet. At present, there are three buildings totaling 168,475 square feet under construction. For the full story, go to Florida Real Estate Journal.

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

1 Maturing Loans Push Washington Prime Group to Accelerate Mall Sell-Off

2 The Million Dollar Starter Home Spreads Beyond California

3 Job Growth No Longer Guarantees Apartment Demand in Most U.S. Cities

4 Multifamily Pipeline Logs Unexpected Bump

5 Housing Boom in San Mateo Sparks Debate Over Renter Protections

Real Estate
GlobeSt. ELITE Women of Influence (WOI) 2025
July 21, 2025 - Denver

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information
Real Estate
GlobeSt. Multifamily Fall 2025
October 15, 2025 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Workers' Compensation Risk Management Award for Excellence Nominations
May 05, 2025 - Nomination Deadline

The 2025 Workers Comp Risk Management Award for Excellence honors outstanding loss control, safety and return-to-work programs.
More Information

Multifamily Distress Could Head for 'Real Estate Armageddon'

By Anthony Russo | July 19, 2024

Lynd Group weighs in with GlobeSt.

Multifamily Distress Could Head for 'Real Estate Armageddon'

Miami-Dade Quits $160M Deal to Buy 80-Acre Office Campus

By Jack Rogers | June 24, 2024

The plan was to transform the campus into a new government center and develop the old property into a mixed-use complex.

Miami-Dade Quits $160M Deal to Buy 80-Acre Office Campus

Retailers Cut Prices as Consumers Show Spending Strain

By Erik Sherman | June 24, 2024

As pressure hits consumers, it ultimately transfers to commercial real estate.

Retailers Cut Prices as Consumers Show Spending Strain

Leveling Up: Choosing the Best Renters Insurance Partner for Your Multifamily Housing Portfolio link

Guide

Sponsored by Assurant

Leveling Up: Choosing the Best Renters Insurance Partner for Your Multifamily Housing Portfolio

Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.

Browse More Resources ›

The Return to Office: Recovery Still Underway link

Guide

Sponsored by Placer.ai

The Return to Office: Recovery Still Underway

Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!

Browse More Resources ›

The State of Commercial Property Management Technology in 2025 link

Report

Sponsored by Building Engines

The State of Commercial Property Management Technology in 2025

Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.

Browse More Resources ›