Q2 2026 Update · Palm Beach County, FL · Last Updated: August 2026
Palm Beach County
Commercial Market Report
A free quarterly snapshot for property owners — office, retail, industrial, and land. Own a small apartment building under 100 units? I publish a separate quarterly update just for that — scroll down for details.
Palm Beach County · Q2 2026
Current Market Conditions
Data sourced from Berger Commercial Realty, Colliers, and Cushman & Wakefield Q2 2026 market reports. Figures are county-wide unless noted. Verify specific submarket conditions with Art before making decisions.
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Office
7.5%
Vacancy Rate · Q2 2026
4th straight quarter of positive absorption
Office — Asking Rent
$52.75
Per SF · Countywide Average
Across 60.6M SF of office inventory
Industrial
8.0%
Vacancy Rate · Q2 2026
Rising — 2nd straight quarter of softening
Retail
4.0%
Vacancy Rate · Down 10 bps
Asking rents up to $30.14/SF NNN
Retail — Leasing Activity
245K SF
Leased in Q2 2026
556,704 SF leased year-to-date
Palm Beach County — Sales Volume
$880M
Commercial Transactions · H1 2026
Down 15% YOY — grocery-anchored retail led activity
🏢 Office Market
Palm Beach County office kept outperforming in Q2 2026, posting its fourth consecutive quarter of positive net absorption — 261,750 SF — while vacancy held at 7.5%, one of the tightest office markets in the state. Average asking rents reached $52.75/SF across the county's 60.6 million SF of inventory. Nationally, Palm Beach was named alongside Manhattan and Dallas as having the most new office space under construction, a sign investors still see long-term demand here even as some markets soften.
Source: Berger Commercial Realty Q2 2026 Palm Beach County Office Market Report; Colliers US National Office Outlook, Q2 2026.
🏭 Industrial Market
Industrial conditions softened modestly for a second straight quarter. Vacancy rose to 8.0% across the county's 56.6 million SF of industrial inventory, net absorption came in negative at 53,340 SF, and average asking rents eased to $15.32/SF. The adjustment follows the wave of new supply delivered in 2025 — the market is rebalancing, not weakening, and remains far tighter than most industrial markets nationally.
Source: Berger Commercial Realty Q2 2026 Palm Beach County Industrial Market Report.
🛍️ Retail Market
Retail remained the strongest-performing sector in the county. Net absorption totaled 148,769 SF in Q2 2026, tenant demand generated 245,306 SF of new leasing activity (556,704 SF year-to-date), and vacancy tightened another 10 basis points to 4.0%. Asking rents climbed to $30.14/SF NNN, up 3.3% for the quarter. The quarter's largest new lease was a 19,361 SF pickleball concept at Village Shoppes on 441, followed by a 13,000 SF entertainment lease at the Mall at Wellington Green.
Source: Colliers Palm Beach County Retail Market Report, Q2 2026.
📈 Investment Sales
Palm Beach County recorded roughly $880 million in commercial real estate sales in the first half of 2026, down about 15% from a year earlier as buyers and sellers continue working through a wider bid-ask gap. Grocery-anchored retail was the bright spot: Publix closed two Boynton Beach acquisitions in Q2 alone — the Fountains of Boynton Beach ($78.0M) and Aberdeen Square ($24.0M) — a sign institutional capital is still active for well-leased, stabilized assets even as overall deal volume cools.
Source: Q2 2026 Palm Beach County commercial transaction reporting, compiled from public deal records.
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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 Berger Commercial Realty, Colliers, Cushman & Wakefield, Avison Young, and other publicly available research as of Q2 2026. 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
