Q4 2018 Palm Beach Office Market Report

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In the fourth quarter of 2018, Palm Beach County’s office market began to expand with declining vacancies and new construction. The vacancy rate currently stands at 10.5 percent, a decrease of 30 basis points quarter-over-quarter and a post-recession low. There is over 491,000 square feet of office space under construction in Palm Beach County which presents the demand for expanding tenants in the market. A total of 103,122 square feet of office space was delivered to the county in 2018.

PB Office4Q 2018

Q4 2018 Palm Beach Office Market Report

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