Commercial Real Estate Report - Palm Beach, FL [Retail]

Property Type

View market and submarket information on Retail space in Palm Beach, Florida. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in Palm Beach, Florida.

Boundaries

Display:
Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Palm Beach, FL - Entire Metro
Submarkets
Boynton Beach - N -70 bps
Boynton Beach - NC -50 bps
Boca Raton - N -50 bps
N Palm Beach/Jupiter - N -40 bps
West Palm Beach - N -40 bps
Boynton Beach - C -30 bps
N Palm Beach/Jupiter - NC -20 bps
West Palm Beach - NC -20 bps
West Palm Beach - C 0 bps
N Palm Beach/Jupiter - C 10 bps
Boca Raton - NC 20 bps
Boca Raton - C 100 bps

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean 4.5% 6.6% 7.1% 9.1%
Median 4.5% 5.5% 7.8% 9.3%
12 Month Rolling 7.4% 7.8% 8.4% 7.5%

Commercial Real Estate News

Headline Date
 

Recent Rent Observations

Location ID Class Rent
Boca Raton 92175 $21
Boca Raton 71561 $19
Boca Raton 99207 $16
Boynton Beach 97177 $21
N Palm Beach/Jupiter 73637 $13
Boynton Beach 25289 $14
West Palm Beach 25096 $8
Boynton Beach 25059 $10
West Palm Beach 25268 $21
Boynton Beach 95296 $18

Change From Previous Quarter

Market Rent Vac Inv
Palm Beach 0.4% 0 bps 1.0%
South Atlantic Region 0.1% 0 bps 0.0%
United States 0.1% 0 bps 0.0%

Metro vs. Region 0.3% 0 bps 0.0%
Metro vs. US 0.3% 0 bps 0.0%

Latest New Construction Updates

Location Size
N Palm Beach/Jupiter 0 - 130,000
Boca Raton 250,000 - 370,000
Boca Raton 0 - 130,000
N Palm Beach/Jupiter 0 - 130,000
N Palm Beach/Jupiter 0 - 130,000
West Palm Beach 0 - 130,000
Boynton Beach 0 - 130,000
West Palm Beach 490,000 - 0
Boca Raton 0 - 130,000
West Palm Beach 0 - 130,000
View all Construction Projects

National Retail Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Retail Rankings (Q1 2013)

Based on 190 U.S. Markets
Value:
81. Charleston, SC 11.8%
82. Des Moines, IA 11.8%
83. Mobile, AL 11.8%
84. Tampa-St. Petersburg, FL 11.8%
85. Hanford-Corcoran, CA 11.9%
86. Palm Beach, FL 11.9%
87. Peoria, IL 11.9%
88. Denver, CO 12.0%
89. Modesto, CA 12.0%
90. Provo-Orem, UT 12.0%
91. Tacoma, WA 12.0%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Palm Beach 0.4% 1,155 bps 0.7%
South Atlantic Region 0.3% 1,099 bps 0.5%
United States 0.3% 1,077 bps 0.7%

Metro vs. Region 0.2% 56 bps 0.2%
Metro vs. US 0.1% 78 bps -0.0%