Commercial real estate in the Town of Palm Beach.
Fixed supply on a barrier island, plus Worth Avenue retail and Royal Palm Way finance offices, makes this the county’s costliest market.
Looking at Palm Beach space?
Send me the space or the deal — I’ll give you a straight read on Palm Beach, free, within one business day.
What trades in Palm Beach
Palm Beach is the most expensive commercial market in the tri-county dataset, and it is not close. Across 27 recorded arm’s-length sales since 2021 the median is $1,209 per square foot, with a $865 to $1,668 range through the middle half. Retail leads at 11 sales, $1,142 to $1,834, mid $1,553. Office runs 16 sales at $695 to $1,372, mid $1,148. What you are buying is access to a specific customer and a specific kind of tenant. Luxury retail that needs the address. Family offices and wealth managers who want to be walking distance from their clients, along with the law firms that serve them. Very little of the stock is generic, and almost none of it is replaceable.
Where the money sits in Palm Beach
Worth Avenue is the retail address, and the vias off it, including Via Mizner and Via Parigi, are their own micro-market of small courtyard shops that behave nothing like the street frontage. A via space can be charming and difficult to lease at once, because foot traffic drops the moment you step off the Avenue. South County Road carries the more everyday commercial, the banks and restaurants that the island actually uses year-round, and it is where I look first for a tenant who needs to be here but does not need Worth. Royal Poinciana Way at the north end is its own historic district with a different feel, more neighborhood and less international. Royal Palm Way is the office corridor running from the Royal Park Bridge to the ocean, locally known as Bankers Row, and it is where the family office and wealth management demand concentrates.
What to watch for in Palm Beach
The review process and the supply constraint are the deal here. There is no more land. The town is built out and cannot expand, so every transaction is a trade of existing space rather than an addition to it. On top of that, exterior work goes through architectural review, and landmarked buildings go through the landmarks commission as well. That is not a rubber stamp. A storefront change or a new sign can require a hearing, and so can a paint color. Hearings run on a calendar you do not control. I tell tenants to assume their opening date is governed by the review schedule, not by their contractor. Season is the other constraint. The island empties out in summer, so nobody wants to be dark from November to April, which pushes construction into a narrow window and gives landlords the upper hand on timing. Parking on and around Worth Avenue is its own conversation, and it is never a small one.
Palm Beach pricing & data
Start with the local numbers, then get a defensible figure for a specific building:
How I help in Palm Beach
Whatever your side of the deal in Palm Beach, I work for you — never the landlord. Tenant, buyer, and seller representation across Palm Beach County.
Explore nearby & up a level
Compiled by Justin Crow, Mattis Advisors — for reference, not an appraisal.
Frequently asked
What does commercial property cost in Palm Beach?
Across 27 recorded commercial sales since 2021, Palm Beach has traded roughly between $865 and $1,668/SF, with a midpoint near $1,209/SF — though condition, size, and exact location move it a lot. For a specific building, request a free Broker Opinion of Value.
What kind of commercial real estate is in Palm Beach?
Fixed supply on a barrier island, plus Worth Avenue retail and Royal Palm Way finance offices, makes this the county’s costliest market.
Do you represent tenants and buyers in Palm Beach?
Yes — tenant, buyer, and seller representation across Palm Beach and all of Palm Beach County, on your side of the deal.
How far ahead should a tenant start looking on the island?
Further than anywhere else I work. Between finding space that rarely comes available and getting through architectural review, I want a year of runway for a build-out of any substance. If your lease elsewhere expires in the spring and you have not started, you are probably looking at holdover or a temporary arrangement. I would rather have that conversation early than in March.
Does landmark designation kill a deal on Palm Beach?
No, but it changes what you can promise a tenant. Designation means exterior alterations get an extra layer of review, and your signage and storefront concept need to survive it. I have seen good deals stall because a brand refused to adapt its standard identity package. Come in willing to design for the town rather than against it, and designated buildings can be excellent long-term homes.