Market Report · South Florida Industrial

Palm Beach County

Leasing activity and current availability in Palm Beach — square footage absorbed, asking rates, and how fast the market is clearing, from the spaces we track every day.

268 spaces leased · 90 days1M SF absorbed1,250 spaces available nowUpdated Sep 14, 2026
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HomeMarket ReportPalm Beach

Palm Beach in the last 90 days

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

Spaces leased

268

Previous79
% change+239.2%
Trend

SF absorbed

1MSF

Previous418k
% change+149.4%
Trend

Average asking

$27.86/SF/yr

Previous$22.73
% change+22.6%
Trend

Typical deal

1,706SF

Previous2,250
% change-24.2%
Trend
Market health

How fast is Palm Beach clearing?

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

Market velocity

Previous period: 5%0%50%

13%

13% of the square footage listed today was absorbed in the last 90 days — the prior period cleared 5%.

Months of supply

Previous period: 55036

22

At the current pace, today's inventory would take about 22 months to clear. Under 12 favours landlords; over 24 favours tenants.

Asking-rate spread

Previous period: 71%60%140%

87%

Spaces that left the market were asking 87% of today's average listed rate ($31.87). Under 100% means the cheaper space is moving first.

Leasing activity

Twelve months of absorption

Square footage that came off the 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 absorbed by month

Bars: monthly total · Line: three-month average

0250k500k750kOct: 0OctNov: 0NovDec: 0DecJan '26: 0Jan '26Feb: 0FebMar: 0MarApr: 0AprMay: 418k418kMayJun: 0JunJul: 668k668kJulAug: 2k2kAugSep: 374k374kSepOct trend: 0Nov trend: 0Dec trend: 0Jan '26 trend: 0Feb trend: 0Mar trend: 0Apr trend: 0May trend: 139kJun trend: 139kJul trend: 362kAug trend: 223kSep trend: 348k

Spaces leased by month

Count of spaces withdrawn

050100150200OctNovDecJan '26FebMarAprMayJunJulAugSepSpaces · Oct: 0Spaces · Nov: 0Spaces · Dec: 0Spaces · Jan '26: 0Spaces · Feb: 0Spaces · Mar: 0Spaces · Apr: 0Spaces · May: 79Spaces · Jun: 0Spaces · Jul: 186Spaces · Aug: 1Spaces · Sep: 8181

SF absorbed by asset class

Last 90 days

Industrial: 572k (58%)Retail: 341k (34%)Office: 77k (8%)Land: 3k (0%)1MSF
  • Industrial572k · 58%
  • Retail341k · 34%
  • Office77k · 8%
  • Land3k · 0%

Monthly absorption by asset class

Stacked SF, last twelve months

0250k500k750kOctNovDecJan '26FebMarAprIndustrial · May: 370kOffice · May: 26kRetail · May: 15k413kMayJunIndustrial · Jul: 317kOffice · Jul: 47kRetail · Jul: 284k650kJul2kAugIndustrial · Sep: 253kOffice · Sep: 31kRetail · Sep: 57k341kSep
  • Industrial942k
  • Office103k
  • Retail356k
  • Land4k

Share of absorption by submarket

SF absorbed, last 90 days

  • West Palm Beach22%
  • Jupiter19%
  • Boca Raton15%
  • Delray Beach11%
  • Riviera Beach6%
  • Lake Worth6%
  • Other20%

Deals by size band

Number of spaces, by square footage

165
<2.5k
38
2.5-5k
31
5-10k
17
10-25k
4
25-50k
2
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.

Most active submarkets

  1. 1West Palm Beach49 spaces232k SF
  2. 2Boca Raton41 spaces162k SF
  3. 3Delray Beach34 spaces119k SF
  4. 4Riviera Beach30 spaces67k SF
  5. 5Lake Worth28 spaces59k SF

By asset class

  1. 1Industrial572k SF119 spaces · $23.33
  2. 2Retail341k SF96 spaces · $30.70
  3. 3Office77k SF30 spaces · $33.84
  4. 4Land3k SF5 spaces · $33.00

By size band

  1. 1<2.5k SF165 deals212k SF
  2. 22.5-5k SF38 deals128k SF
  3. 35-10k SF31 deals198k SF
  4. 410-25k SF17 deals234k SF
  5. 525-50k SF4 deals149k SF
Available now

What's on the market in Palm Beach today

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

Spaces available

1,250

listed for lease or sale

SF available

7.8MSF

7,822,588 square feet

Average asking

$31.87/SF/yr

624 spaces quote a rate

Submarkets

22

cities with 3+ spaces listed

SF available by asset class

What's on the market, by volume

Industrial: 3.7M (48%)Retail: 2M (26%)Office: 1.8M (23%)Land: 248k (3%)7.8MSF
  • Industrial3.7M · 48%
  • Retail2M · 26%
  • Office1.8M · 23%
  • Land248k · 3%

Average asking by asset class

$/SF/yr across listed spaces

Land$52.24/SF/yr
Office$35.12/SF/yr
Retail$33.64/SF/yr
Industrial$27.47/SF/yr

Available spaces by size band

Number of spaces listed, by square footage

686
<2.5k
242
2.5-5k
124
5-10k
130
10-25k
55
25-50k
12
50k+
Methodology

Where the numbers come from. RE/MAX Industrial Assets maintains its own database of industrial, flex, office and retail space across South Florida and re-checks the market continuously; a space is dated by the check that found it gone, so activity can cluster on sweep dates. A space counts as leased here when it is withdrawn from the market; most are signed leases, some are landlords pulling or re-listing, and we say "leased" rather than "signed" for that reason. Rates are asking rates at the time the space came off the market, not achieved rents. Market velocity is SF absorbed in the window divided by SF listed today; months of supply is SF listed today divided by the window's monthly absorption pace. Figures are aggregates; no individual listing is identified. Not an offer, appraisal or investment advice.

Updated September 14, 2026 · RE/MAX Industrial Assets

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© 2026 RE/MAX Industrial Assets · Market data from the RIA listing database.