(To read more on the net lease market, click here.)
PALM BEACH COUNTY-With decreased vacancy rates, higher askinglease rents and unemployment rates below the national average, theoffice market continues to be hot, according to a CB Richard EllisQ2 market report.
The vacancy rate was 8.4%, down from 9.4% during the secondquarter 2005. Class C space led the way with a 3.2% decreasefollowed by class A with a 1.3% decrease from the previous year. Asa result, the average asking rents rose 9.4% to $18.31 per sf.class A office space experienced an increase of 10.1% from $18.63per sf a year ago to $20.51 during Q2, according to the report.
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