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940 Commercial Real Estate Listings in West Palm Beach, FL

West Palm Beach, FL Commercial Real Estate

There are currently 957 commercial listings available in West Palm Beach, FL. These listings include 265 commercial spaces that encompass a total of 2,992,836 square feet. Available commercial spaces in West Palm Beach, FL range in size from 0 square feet to 322,122 square feet. A total of 810 off-market commercial properties located in West Palm Beach, FL are also available for research.

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West Palm Beach, FL Commercial Inventory Breakdown

In 2022 the West Palm Beach, FL commercial real estate market totaled 10,620,374 square feet of office spaces, 11,184,862 square feet of office spaces with retail, and 9,028,303 square feet of industrial space.

Office Spaces

Total: 10,620,374 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 2,886,437 SqFt 27.18% of total office
100k to 500k SqFt 6,833,937 SqFt 64.35% of total office
500k to 1M SqFt 900,000 SqFt 8.47% of total office
By class:
Class A 4,273,252 SqFt 40.24% of total office
Class B 3,274,582 SqFt 30.83% of total office
Class C 72,000 SqFt 0.68% of total office
Roughly 8.47% of the total office space in West Palm Beach, FL is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 27.18% of the office inventory.

Class A office space holds a 40.24% share of the overall West Palm Beach, FL office market, while Class B office assets make up approximately 30.83%.

Industrial

Total: 9,028,303 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 2,541,130 SqFt 28.15% of total industrial
100k to 500k SqFt 5,945,454 SqFt 65.85% of total industrial
500k to 1M SqFt 541,719 SqFt 6% of total industrial
By class:
Class A 4,273,855 SqFt 47.34% of total industrial
Class B 3,585,088 SqFt 39.71% of total industrial
Class C 487,399 SqFt 5.4% of total industrial
There are 5,945,454 square feet of commercial real estate properties between 100k to 500k square feet, representing 65.85% of the West Palm Beach, FL industrial inventory. Class A assets total 4,273,855 square feet of industrial space, with an additional 3,585,088 square feet of Class B and 487,399 square feet of Class C properties.

Office Spaces with Retail

Total: 11,184,862 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 3,172,229 SqFt 28.36% of total office with retail
100k to 500k SqFt 8,012,633 SqFt 71.64% of total office with retail

West Palm Beach, FL Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
West Palm Beach, FL Office 87 1,020,049
West Palm Beach, FL Retail 28 514,162
West Palm Beach, FL Industrial 21 1,428,822
West Palm Beach, FL Other 153 3,017,559
Ofice Icon

87

Office

Industrial Icon

21

Industrial

Retail Icon

28

Retail

Current local active listing encompass 5,980,592 square feet of commercial space for lease in West Palm Beach. There are 87 active office listings, which amount to 1,020,049 square feet and account for 30% of commercial spaces on the market. Local retail availability includes 514,162 square feet across 28 listings. Current industrial offerings on the market amount to 1,428,822 square feet across a total of 21.

Employment in West Palm, FL

Employed Population 53,711

Employed population - Industry % Distribution

Management, business, science, and arts occupations

36%

Service occupations

24%

Sales and office occupations

21%

Production, transportation, and material moving occupations

10%

Natural resources, construction, and maintenance occupations

9%

In 2020, roughly 36% of a total of 53,711 employed in West Palm worked in Management, business, science, and arts occupations, followed by 24% in Service occupations and 21% in Sales and office occupations.

Income per capita $31,400  Median household income $51,089

Household income

49%

Under $50k

27%

$50k - $100k

18%

$100k - $200k

6%

Over $200k

The median household income in West Palm stands at $51,089, with per capita income at $31,400. Households earning between $50k and $100k represent 27% of the total, while those earning over $200k make up 6%. Approximately 49% of West Palm households earn less than $50k per year.

Commuting in West Palm, FL

Mean travel time to work 25 minutes

Means of transportation to work

75.10%

Driving alone

10.10%

Carpool

3.20%

Public transit

1.30%

Bicycle

2.00%

Walking

2.90%

Other

5.50%

Work at Home

*Universe: Workers 16 and over

Education in West Palm, FL

High school grad or higher 86%

Bachelor's degree or higher 33%

Population by minimum level of education

14%

No degree

24%

High school

29%

Some College

19%

Bachelor's

14%

Post-grad

*Universe: Workers 25 and over

An estimated 86% of West Palm residents aged 25 or over hold a high school degree or higher. Of those, 24% are high school graduates, 29% attended some college, 19% earned a bachelor's degree, with an additional 14% holding post-graduate degrees.

West Palm, FL Demographics

As of 2020, West Palm had a total population of 111,952, with a median age of 36.90 years. Roughly 64.80% of the total population was between the ages of 16 and 64 years old.