Office Space in West Palm Beach
Office Space in West Palm Beach. West Palm Beach is the ‘Wall Street South’ core — the tightest downtown office in the region, plus deep industrial and retail.
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Office Space in West Palm Beach
Office pricing in West Palm Beach turns on class and location — Class A commands a premium while value Class B stock nearby trades for far less. Beyond rent, watch the parking ratio, the build-out/TI you’ll need, and whether the lease is gross or NNN. I help tenants and buyers separate the trophy price from the workable one.
What office space costs in West Palm Beach, by building size
The short version for West Palm Beach: office space under 2,500 SF runs about $576/SF and above 25,000 SF about $204/SF. Same city, same asset class, 2.8× the price per foot. Here is the ladder off 101 recorded sales.
West Palm Beach office — median price per square foot by building size. Recorded arm’s-length sales, 2021–2026.
| Building size | Sales | Median $/SF | Middle half | Median price |
|---|---|---|---|---|
| Under 2,500 SF | 18 | $576 | $275–$728 | $863,000 |
| 2,500–10,000 SF | 40 | $365 | $300–$625 | $1.83M |
| 10,000–25,000 SF | 21 | $258 | $188–$332 | $4.10M |
| 25,000 SF and up | 22 | $204 | $155–$242 | $9.96M |
Swipe the table sideways to see every column.
Recorded sales only, medians rather than averages, and no band published on fewer than 15 of them — which is why some bands you might expect are missing here. The thinnest row above rests on 18.
No exceptions on this table: bigger means cheaper per foot, all the way down. What changes across those rows is not the quality of the real estate so much as who shows up to bid. The under 2,500 SF buyer is usually the business that will occupy it. By above 25,000 SF you are dealing with investors, and investors price yield.
The last column is the one buyers actually feel. An office building under 2,500 SF in West Palm Beach clears at a median of $863,000; above 25,000 SF, $9.96M. Those are different loans, different down payments and different buyers, which is most of why the per-foot columns diverge the way they do.
The same pattern runs through all three counties — I broke out every county and asset class in why small commercial buildings cost more per square foot. Before you accept a per-foot number on an office building here, check which row it sits in. Or send me the address and I will do it — the value-my-property tool is free.
How I help
Tenant and buyer representation for office space in West Palm Beach — on your side, never the landlord’s. Start with Office Space tenant rep, or get a specific building valued free at the BOV tool.
Run your own numbers
Estimate build-out with the buildout calculator, size a purchase with the borrowing-power and mortgage tools, and check a specific building against comps with the price benchmark — or request a free Broker Opinion of Value.
Medians from recorded arm’s-length commercial sales since 2022. Compiled by Justin Crow, Mattis Advisors — for reference, not an appraisal.
Frequently asked
What does office space cost in West Palm Beach?
Across 101 recorded office sales since 2021, West Palm Beach has traded roughly between $199 and $538/SF, with a midpoint near $314/SF — condition, size, and location move it. For a specific building, request a free Broker Opinion of Value.
Class A vs. Class B office — what’s the difference?
Class A is newer, amenitized, well-located space at premium rents; Class B is older or less-amenitized stock at a discount. In the same submarket the gap can be large, so define which you actually need before you shop.
Do you help with office space in West Palm Beach?
Yes — tenant and buyer representation for office space across West Palm Beach and all of Palm Beach County. I work for you; on lease deals the landlord pays my fee.
What does a 5,000 SF office building cost in West Palm Beach?
The 2,500 to 10,000 SF band in West Palm Beach carries a median of $365/SF across 40 recorded arm’s-length sales, so a 5,000 SF building prices out around $1,825,000 before you adjust for anything specific. The middle half of that band ran $300 to $625/SF, and condition, location and access move a building inside that range faster than size does.
Why does smaller office space cost more per square foot in West Palm Beach?
Across 101 recorded sales, West Palm Beach office space under 2,500 SF has traded at $576/SF against $204/SF in the above 25,000 SF band — about 2.8 times the price per foot. Small buildings sell mostly to owner-users buying somewhere to run a business, who are pricing against rent rather than against yield. Large buildings sell to investors, are harder to finance, and re-tenant more slowly, and all of that lands in the per-foot number.