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Lake Worth Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $24.25 2020 Avg. Asking Rent
  • 3.73% 2020 Office Vacancy Rate

Lake Worth office price per square foot in 2020 was $24.25 on average. The local office market recorded an average vacancy rate of 3.73% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Lake Worth Class B Office Space$24.13
  • Lake Worth Class C Office Space$25.94
  • Florida Class A Office Space$37.78
  • Florida Class B Office Space$23.96
  • Florida Class C Office Space$18.38

Lake Worth, FL Office Asking Rents by Class

2020 Office Construction in Lake Worth, FL

  • Lake Worth, FL Total SF completed in 2020

During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Lake Worth office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.

Largest Office Properties Recently Completed in Lake Worth
Office building Address SF Completed
6944 Lake Worth Road 6944 Lake Worth Road, 33467 14,814 2015
6045 Hagen Ranch Road 6045 Hagen Ranch Road, 33467 10,921 2015
Lantana Professional Center 4560 Lantana Road, 33463 19,530 2014
3580 Lake Worth Road 3580 Lake Worth Road, 33461 10,759 2014
JFK Medical Center 180 John F. Kennedy Drive, 33462 49,420 2012
Lake Worth Medical Center 7408 Lake Worth Road, 33467 31,847 2009
South Road Medical Office Building 5065 South State Road 7, 33449 28,000 2009
EcoCentre 1005 Lake Avenue, 33460 33,000 2008
The Promenade at Lake Worth 120 North Federal Hwy, 33460 32,000 2008
Hematology Oncology Associates 3450 Lantana Road, 33462 12,620 2008

Worth noting among recent office completions on the Lake Worth market is 6944 Lake Worth Road, which is currently the largest new office development in the city, at 14,814 square feet.

Data provided by Commercial Edge

See reports for nearby markets

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Lake Worth commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.

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