Related Ross has inked leasing deals across its office properties in downtown West Palm Beach. This includes eight renewals and seven brand-new commercial tenants.

They are scattered across Related’s Class A assets such as Phillips Point, CityPlace Tower, Esperante Corporate Center, 477 Rosemary, and One Flagler, which is set to open sometime this fall.

One Flagler, a 270,000 square foot project, has locked in tenants including Vista Investments of Florida, GoldenTree Asset Management, and OceanSound Partners. This will mark OceanSound’s first time expanding its footprint outside of New York.

“We believe this expansion will augment and diversify our access to talent and investment opportunities and we look forward to helping drive economic development and innovation in the region and the West Palm Beach community,” Joe Benavides, managing partner of OceanSound Partners, said in a statement.

CityPlace Tower has secured new tenants including Amerant Bancorp Inc., and Amerant Bank.

477 Rosemary’s hosts retail tenants such as Anthropologie and Maman, with a bank sent to take a portion of the second floor of the building, according to Related.

Also, Esperante renewed a lease with an un-named private equity company, as the property recently got an $8 million investment for upgrades.

South Florida has been one of the leaders in the nation in office revival. In fact, at least nine out of 10 employees are back to working on-site versus pre-pandemic levels, according to the Fort Lauderdale Downtown Development Authority. When compared to the national average, in-office rates among South Florida workers are 20 points ahead.

"West Palm Beach has emerged as the center of economic activity in South Florida. The city has solidified itself as one of the most sought-after locations for the nation’s top finance, law and business firms, attracting rents per square foot that rival Miami and New York City,” said Jordan Rathlev, senior vice president at Related Ross.

“We continue to see strong demand for new, highly amenitized office space, and our development pipeline will address the growing need for world-class, lifestyle office space in South Florida.”

According to Related, it leads the West Palm market with 2.8 million square feet of Class A space.

Instant Insights /

Related Ross Lands 15 Office Leases in West Palm Beach

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