Retail Space in West Palm Beach
Retail 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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Retail Space in West Palm Beach
Retail value in West Palm Beach is all about the corner — frontage, visibility, co-tenancy, and foot traffic move the number more than square footage. Most retail here is NNN, so taxes, insurance, and CAM on top of base rent are the figure that matters. I help you read the location and the full occupancy cost before you sign.
Price per square foot by building size in West Palm Beach
Across 159 recorded retail sales in West Palm Beach, price per foot moves with building size more than most buyers expect: 2,500 to 10,000 SF has traded at a median of $445/SF, above 25,000 SF at $194/SF.
West Palm Beach retail — 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 | 42 | $378 | $273–$1,103 | $694,000 |
| 2,500–10,000 SF | 73 | $445 | $276–$944 | $2.45M |
| 10,000–25,000 SF | 24 | $296 | $220–$420 | $4.97M |
| 25,000 SF and up | 20 | $194 | $118–$310 | $12.3M |
Swipe the table sideways to see every column.
Every figure here is a median of recorded arm’s-length sales. The thinnest band on this table rests on 20 of them, so treat it as a bearing, not a number to sign to.
One step on this table goes the wrong way: the under-2,500 SF band sits below the 2,500–10,000 SF band — $378/SF against $445/SF — even though the buildings are smaller. When I see that it is almost always mix rather than a market signal: the larger band here is carrying better product, newer or better-loaded, than the band beneath it. It is a reason to look at buildings instead of trusting the ladder.
Hold size still and the spread is still wide. Inside the under 2,500 SF band the middle half of West Palm Beach sales ran $273 to $1,103/SF — a 4.0× range on buildings of broadly the same size. That gap is condition, location and how the deal was made, and it is the part a table cannot price for you.
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. The band is the argument. Bring me an address and I will tell you which one it belongs in and what that means for the number — start at the value-my-property tool.
How I help
Tenant and buyer representation for retail space in West Palm Beach — on your side, never the landlord’s. Start with Retail 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 retail space cost in West Palm Beach?
Across 159 recorded retail sales since 2021, West Palm Beach has traded roughly between $242 and $742/SF, with a midpoint near $383/SF — condition, size, and location move it. For a specific building, request a free Broker Opinion of Value.
What does NNN mean for retail rent?
NNN (triple-net) means you pay base rent plus your share of taxes, insurance, and common-area maintenance. Those add-ons can be a large slice of your true cost, so always price the fully-loaded gross number, not just base rent.
Do you help with retail space in West Palm Beach?
Yes — tenant and buyer representation for retail 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 4,500 SF retail building cost in West Palm Beach?
The 2,500 to 10,000 SF band in West Palm Beach carries a median of $445/SF across 73 recorded arm’s-length sales, so a 4,500 SF building prices out around $2,000,000 before you adjust for anything specific. The middle half of that band ran $276 to $944/SF, and condition, location and access move a building inside that range faster than size does.
Why does smaller retail space cost more per square foot in West Palm Beach?
Across 159 recorded sales, West Palm Beach retail space 2,500 to 10,000 SF has traded at $445/SF against $194/SF in the above 25,000 SF band — about 2.3 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.