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.
| 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.
See reports for nearby markets
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.