Q4 2025 Update · Palm Beach County, FL · Last Updated: February 2026
Palm Beach County
Commercial Market Report
A free quarterly snapshot for property owners — office, retail, industrial, and land. Straight numbers, plain language.
Palm Beach County · Q4 2025
Current Market Conditions
Data sourced from Colliers, Cushman & Wakefield, and Avison Young. Figures are county-wide unless noted. Verify specific submarket conditions with Art before making decisions.
Office
10.4%
Vacancy Rate · Palm Beach County
Stable — lowest among SE FL counties
Office — Asking Rent
$49.22
Per SF · Overall County Average
Class A Urban Core: $69.83/SF
Industrial
7.9%
Vacancy Rate · Q4 2025
Small-bay at ultra-tight 2.3% vacancy
Retail
1.6M SF
New Leasing Activity · 2024
Down 12.3% YOY — limited new supply
Jupiter — Active Listings
52
Commercial Properties For Sale
Office, retail, industrial & land
Palm Beach County — Sales Volume
$3B+
Commercial Transactions · Q1 2025
Jupiter saw a $100M+ warehouse deal in 2024
🏢 Office Market
Palm Beach County office continues to defy national trends. Vacancy sits at just 10.4% — the lowest of the three major SE Florida counties and well below the national average. Annual leasing topped 3.1 million SF in 2025, the highest since 2022. Class A properties in the urban core are commanding nearly $70/SF. While older Class B/C buildings face more pressure, well-located assets remain in demand. The county's largest Q4 sale was One Clearlake Centre, acquired by Related Ross for $55.3 million.
Source: Colliers Q4 2025 Palm Beach Office Report. Verify submarket-specific data for Jupiter/North County.
🏭 Industrial Market
Industrial remains the tightest commercial sector in Palm Beach County. Vacancy declined to 6.8% by year-end 2025, with the small-bay segment posting an extraordinary 2.3% vacancy — effectively full. 2.9 million SF of leasing activity occurred county-wide in 2025. New supply came online in Q3, but demand continues to absorb it quickly. Jupiter's Kurtz Road industrial corridor is a key submarket for smaller bay users.
Source: Colliers Q4 2025 Palm Beach Industrial Report; Cushman & Wakefield MarketBeat Q4 2025.
🛍️ Retail Market
Retail leasing activity was softer in 2024, coming in 12.3% below the prior year and 22.8% below the 10-year average. That said, the lack of new construction is keeping vacancy tight and supporting rents. National retailers continue to target well-trafficked Palm Beach County locations. Locally, Indiantown Road and US-1 corridors in Jupiter remain active. Retail fundamentals improved over the course of 2025 driven by backfilling activity.
Source: Cushman & Wakefield Palm Beach MarketBeat Q4 2025. Verify local Jupiter submarket activity.
📈 Investment Sales
Palm Beach County saw nearly $3 billion in commercial transactions in early 2025, though deal velocity has moderated. Larger, trophy-class assets are attracting institutional capital. Investors are concentrating on high-quality, low-risk properties. Interest rate uncertainty has created some hesitation in the mid-market, but owner-occupied properties and well-leased investments continue to trade. Jupiter saw one $100M+ warehouse deal in 2024.
Source: MIAMI Association of Realtors, Q1 2025 Southeast Florida Commercial Report.
🌳
Commercial Land — Jupiter & North Palm Beach County
Land values in North Palm Beach County remain elevated, driven by limited available inventory, strong population growth, and continued demand from medical, retail, and mixed-use developers. Entitlement timelines in Jupiter and Palm Beach Gardens are a significant factor in land pricing. Zoning designations — particularly for commercial, medical, and flex use — significantly impact per-acre valuations. Contact Art directly for a current land valuation conversation — this is a segment where his development background adds real value.
Data Disclaimer: Market statistics sourced from Colliers, Cushman & Wakefield, Avison Young, the MIAMI Association of Realtors, and other publicly available research as of Q4 2025. Data reflects Palm Beach County broadly unless otherwise noted. Jupiter/North County submarket conditions may vary. This report is provided for informational purposes only and does not constitute a formal appraisal or investment advice. Always verify current conditions with a licensed commercial real estate professional before making decisions. Art Rountree · Boxwood Commercial Realty · Jupiter, FL · art@boxwoodcre.com