Lake Worth Office Market Trends

Office Rental Market

  • $19.61 2019 Avg. Asking Rent
  • 4.49 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Lake Worth was $19.61 per square foot, and the office vacancy rate across the market averaged 4.49 %. During 2019, developers added 0 square feet of new office space to the Lake Worth market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Lake Worth Class B Office Buildings$19.50
  • Lake Worth Class C Office Buildings$25.76
  • FL Class A Office Buildings$37.07
  • FL Class B Office Buildings$23.53
  • FL Class C Office Buildings$18.02

Lake Worth, FL Office Asking Rents by Class

OFFICE CONSTRUCTION IN Lake Worth, FL

  • Lake Worth, FL Total Sqft completed in 2019 0
  • Lake Worth, FL Total Sqft under construction in 2020 0
10 Largest Office Buildings in Lake Worth
Building name Address Total Sqft Year built
Palomino Park Professional Center 3319 State Road 7, 33449 110,000 2007
Chase Bank Professional Center 2601 10th Avenue North, 33461 95,305 1977
Wellington Commons 8401 Lake Worth Road, 33467 92,000 2006
Center Pointe Plaza 1926 10th Avenue North, 33461 88,544 1984
JFK Medical Centre 100 John F. Kennedy Drive, 33462 66,210 1984
6801 Building 6801 Lake Worth Road, 33467 60,000 1979
JFK Medical Arts Building 180 John F. Kennedy Drive, 33462 52,149 2012
JFK Medical Plaza 4801 South Congress Avenue, 33461 36,126 1984
Atlantis 5401 South Congress Avenue, 33462 34,537 2001
Poinciana Professional Plaza 3898 Via Poinciana Drive, 33467 33,421 1985
Largest Office Properties Recently Completed in Lake Worth
Office building Address Sqft Completed
JFK Medical Arts Building 180 John F. Kennedy Drive, 33462 52,149 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
Palomino Park Professional Center 3319 State Road 7, 33449 110,000 2007
Wellington Commons 8401 Lake Worth Road, 33467 92,000 2006
Atlantis 5401 South Congress Avenue, 33462 34,537 2001
Congress Professional Center II 1630 South Congress Avenue, 33461 27,600 1998
4685 South Congress Avenue 4685 South Congress Avenue, 33461 29,958 1997
Data provided by Commercial Edge

Office Spaces for Rent in Florida

See trends for nearby markets

The Lake Worth office market contains an inventory of 799,394 square feet of office space, in 24 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.