Palm Beach Gardens Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $40.24 2024 Avg. Asking Rent
  • 16.24% 2024 Office Vacancy Rate

Palm Beach Gardens office price per square foot in 2024 was $40.24 on average. The local office market recorded an average vacancy rate of 16.24% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Palm Beach Gardens Class A & A+ Office Space$60.08
  • Palm Beach Gardens Class B Office Space$33.79
  • Florida Class A & A+ Office Space$40.20
  • Florida Class B Office Space$27.71
  • Florida Class C Office Space$22.62

Palm Beach Gardens, FL Office Asking Rents by Class

2024 Office Vacancy Rates in Palm Beach Gardens

Submarket Asking Rents Vacancy Rates
North Palm Beach $54.17 15.68%
Palm Beach Gardens $39.26 17.13%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Palm Beach Gardens market was 16.24% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Palm Beach Gardens was 15.68% in the North Palm Beach submarket, while the highest office vacancy in the market was 17.13%, recorded in Palm Beach Gardens.

Office Spaces for Rent in Florida

Coworking Spaces in Florida

2024 Office Construction in Palm Beach Gardens, FL

Largest Office Properties Recently Completed in Palm Beach 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
Gardens Pointe Professional Building 3507 Kyoto Drive, 33410 34,867 2009
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
400 Village Square Xing #100 400 Village Square Xing #100, 33410 6,872 1999
Financial Center at the Gardens 3801 PGA Blvd, 33410 195,998 1997
Corporate Center at the Gardens 4200 Northcorp Pkwy, 33410 113,565 1996

Worth noting among recent office completions on the Palm Beach Gardens market is Mirasol Town Square - 11400 North Jog Road, which is currently the largest new office development in the city, at 46,000 square feet.

Data provided by Yardi Research

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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Palm Beach Gardens 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 Yardi Research Data can guarantee that the information provided is complete.