Highlights
- The average rent for office space in Palm Beach Gardens is $39.49 per square foot, 1.87% lower compared to the previous year.
- The market’s vacancy rate stands at 16.68%, higher than the state average of Florida, which is 15.13%.
2025 Office Space Rent & Sales
- $39.49 2025 Avg. Asking Rent
- -1.87% Y-o-Y Avg. Asking Rent Change
- 16.68% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Palm Beach Gardens?
Average asking rents for office space here stand at $39.49 per square foot. The local office market recorded an average vacancy rate of 16.68% in 2025, unchanged from 16.68% in 2024.
Palm Beach Gardens, FL Office Asking Rents by Class
What is the average office rent per square foot by property class in Palm Beach Gardens?
- Avg. Asking Rent Class A & A+$55.82
- Avg. Asking Rent Class B$34.09
What is the average office rent per square foot by property class in FL?
- Avg. Asking Rent Class A & A+$45.91
- Avg. Asking Rent Class B$27.03
- Avg. Asking Rent Class C$19.30
For comparison, the average rent for Class A and A+ office space in Florida was $45.91 per square foot. The state-wide average for Class B space was $27.03 per square foot, and Class C office spaces averaged $19.30 per square foot.
Palm Beach Gardens, FL Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Palm Beach Gardens | $38.27 | 16.73% |
| North Palm Beach | $33.10 | 13.14% |
Office Construction in Palm Beach Gardens, FL
What are the largest recent office completions in Palm Beach Gardens?
The largest recent office completion here is Fairway Office Center at 224,000 square feet, completed in 1989. The next largest completions are Financial Center at the Gardens and Corporate Center at the Gardens.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Mirasol Town Square - 11400 North Jog Road | 11400 North Jog Road, 33418 | 46,000 | 2018 |
| 11400 North Jog Road | 11400 North Jog Road, 33418 | 44,000 | 2018 |
| Northcorp Corporate Park - 4750 East Park Drive | 4750 East Park Drive, 33410 | 49,666 | 2003 |
| 2925 PGA Blvd | 2925 PGA Blvd, 33410 | 25,996 | 2003 |
| 2875 Pga Blvd | 2875 Pga Blvd, 33410 | 10,000 | 2002 |
| PGA National Office Center | 300 Avenue of the Champions, 33418 | 59,518 | 2000 |
| Financial Center at the Gardens | 3801 PGA Blvd, 33410 | 195,998 | 1997 |
| Corporate Center at the Gardens | 4200 Northcorp Pkwy, 33410 | 113,565 | 1996 |
| PGA National Commerce Park - 357 Hiatt Drive | 357 Hiatt Drive, 33418 | 12,154 | 1990 |
| Fairway Office Center | 7111 Fairway Drive, 33418 | 224,000 | 1989 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.