Market Intelligence · Palm Beach County

West Palm Beach

Leasing and sales across industrial, flex, office and retail property in West Palm Beach — what leased, what sold, what is still available and what it costs. Tracked daily from thousands of listings and county records: the same data behind every AXCESS recommendation.

52 spaces leased · 90 days2 properties sold · 90 days658 spaces available77 for saleUpdated Oct 7, 2026
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West Palm Beach leasing in the last 90 days

Each figure is compared with the 90 days before it. Green means the market moved the way an owner wants; red the other way.

Spaces leased

52

Previous66
% change-21.2%
Trend▼

SF absorbed

844kSF

Previous266k
% change+217.0%
Trend▲

Average asking

$27.47/SF/yr

Previous$28.80
% change-4.6%
Trend▼

Typical deal

15,010SF

Previous1,900
% change+690.0%
Trend▲
Market health

How fast is West Palm Beach clearing?

Three readings that say whether this is an owner's or a buyer's market right now. The black tick on each dial marks the previous 90-day period.

Market velocity

Previous period: 7%0%50%

21%

21% of the square footage listed today was absorbed in the last 90 days — the prior period cleared 7%.

Months of supply

Previous period: 45036

14

At the current pace, today's inventory would take about 14 months to clear. Under 12 favours landlords; over 24 favours tenants.

Asking-rate spread

Previous period: 88%60%140%

84%

Spaces that left the market were asking 84% of today's average listed rent ($32.65/SF/yr). Under 100% means the cheaper space is moving first.

Leasing activity

Twelve months of absorption

Square footage that came off the lease market each month, with a three-month trend line. Activity is dated by the market check that found the space gone, so months can cluster around sweeps.

SF leased by month

Bars: monthly total · Line: three-month average

0250k500k750kNov: 0NovDec: 0DecJan '26: 0Jan '26Feb: 0FebMar: 0MarApr: 0AprMay: 199k199kMayJun: 0JunJul: 67k67kJulAug: 0AugSep: 141k141kSepOct: 703k703kOctNov trend: 0Dec trend: 0Jan '26 trend: 0Feb trend: 0Mar trend: 0Apr trend: 0May trend: 66kJun trend: 66kJul trend: 89kAug trend: 22kSep trend: 69kOct trend: 281k

Spaces leased by month

Count of spaces withdrawn from the lease market

010203040NovDecJan '26FebMarAprMayJunJulAugSepOctSpaces · Nov: 0Spaces · Dec: 0Spaces · Jan '26: 0Spaces · Feb: 0Spaces · Mar: 0Spaces · Apr: 0Spaces · May: 34Spaces · Jun: 0Spaces · Jul: 32Spaces · Aug: 0Spaces · Sep: 13Spaces · Oct: 3939

SF leased by asset class

Last 90 days

Office: 623k (75%)Industrial: 194k (23%)Retail: 11k (1%)844kSF
  • Office623k · 75%
  • Industrial194k · 23%
  • Retail11k · 1%

Monthly absorption by asset class

Stacked SF, last twelve months

0250k500k750kNovDecJan '26FebMarAprIndustrial · May: 184kRetail · May: 13k199kMayJunIndustrial · Jul: 39kRetail · Jul: 22k66kJulAugIndustrial · Sep: 125k125kSepIndustrial · Oct: 69kOffice · Oct: 623kRetail · Oct: 11k703kOct
  • Industrial417k
  • Office628k
  • Retail46k
  • Land2k

Deals by size band

Number of spaces, by square footage

11
<2.5k
8
2.5-5k
3
5-10k
15
10-25k
15
25-50k
What's moving

Where the demand is

The submarkets, asset classes and size ranges that cleared the most space in the last 90 days.

By asset class

  1. 1Office623k SF27 spaces · $17.00
  2. 2Industrial194k SF16 spaces · $25.25
  3. 3Retail11k SF7 spaces · $41.25

By size band

  1. 110-25k SF15 deals287k SF
  2. 225-50k SF15 deals498k SF
  3. 3<2.5k SF11 deals13k SF
  4. 42.5-5k SF8 deals26k SF
  5. 55-10k SF3 deals20k SF

Pace

  1. ·Per month17.6 spaces285k SF
  2. ·Removal dates in window4market sweeps
Available now

What's on the market in West Palm Beach today

Current availability across the spaces we track, and what it is asking.

Spaces available

658

listed for lease

SF available

4MSF

4,021,161 square feet

Average asking

$32.65/SF/yr

399 of 658 publish one

Largest band

<2.5kSF

most listed size range

SF available by asset class

What's on the market, by volume

Office: 1.4M (40%)Industrial: 1.3M (36%)Retail: 873k (24%)Land: 34k (1%)4MSF
  • Office1.4M · 40%
  • Industrial1.3M · 36%
  • Retail873k · 24%
  • Land34k · 1%

Average asking by asset class

$/SF/yr across listed spaces

Office$38.26/SF/yr
Retail$30.27/SF/yr
Industrial$26.43/SF/yr
Land$5.00/SF/yr

Available spaces by size band

Number of listings, by square footage

330
<2.5k
140
2.5-5k
75
5-10k
79
10-25k
28
25-50k
5
50k+

Leased vs listed, by asset class

Share of listed SF that cleared in 90 days

Office43%
Industrial15%
Retail1%
Land0%
Days on market

How long spaces take to lease in West Palm Beach

Time on the market for the spaces we track: the ones still available, and the ones leased over the last 12 months.

Median days to lease

142days

108 spaces leased in 12 months

Average days to lease

507days

a few long-listed spaces pull the average up

On the market now

144days

median, 645 spaces still available

Spaces measured

753

available now + leased in 12 months

Median days to lease by size

Leased in the last 12 months

<2.5k SF69 days
2.5-5k SF120 days
5-10k SF317 days
10-25k SF1,426 days
25-50k SF1,426 days
Methodology

Where the numbers come from. AXCESS Commercial maintains its own database of industrial, flex, office and retail property across Southeast Coastal Florida and re-checks the market continuously; a listing is dated by the check that found it gone, so activity can cluster on sweep dates. Leasing and sales are counted separately and never averaged together — a listing is a sale when it is marketed for sale, or when it quotes a price rather than a rent. A space counts as leased here when it is withdrawn from the lease market; most are real transactions, some are owners pulling or re-listing, which is why we do not call them closings. Rents are asking rents at the time the listing came off the market, not achieved rents, and only the listings that publish a rate are in those averages. Days on market run from the listing's published date on market (or the day we first recorded it, if earlier) to the day it came off the market, or to today for spaces still available. Market velocity is SF that cleared in the window divided by SF listed today; months of supply is SF listed today divided by the window's monthly pace. Figures are aggregates; no individual listing is identified. Not an offer, appraisal or investment advice.

Updated October 7, 2026 · AXCESS Commercial

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Market data from the AXCESS Commercial listing database.