For Sale
West Palm Beach, FL
Commercial Real Estate Market Trends & Data
$760 per SF
Avg asking sale price
$35 per SF
Avg asking lease rate
15,189 SF
Avg unit lease size
11,514 SF
Avg building size for sale
6.70%
Average cap rate
West Palm Beach's Demographic Profile
West Palm Beach has 52,271 households and a median income of $60,487, providing context for rent absorption and tenant demand across retail and multifamily assets. A +4% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 123,917 |
| # Households | 52,271 |
| Median age | 40 |
| Median household income | $60,487 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 28,479 |
| 5-year population change | +4% |
{{marketTabHeadings[activeMarketTab]}}
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| West Palm Beach | $749 | 11,367 SF | 8.64% |
| Palm Beach Gardens | $474 | 3,091 SF | 7.62% |
| Riviera Beach | $315 | 29,431 SF | 6.54% |
| Haverhill | $253 | 9,096 SF | 6.52% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| West Palm Beach | $868 | 6,602 SF |
| Royal Palm Beach | $713 | 3,347 SF |
| Palm Beach Gardens | $432 | 11,111 SF |
| Riviera Beach | $376 | 15,145 SF |
| Haverhill | $253 | 9,096 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| West Palm Beach | $526 | 14,066 SF | 8.26% |
| Palm Beach Gardens | $299 | 4,470 SF | 5.88% |
| Riviera Beach | $454 | 6,835 SF | 8.07% |
| Singer Island | $454 | 6,835 SF | 8.07% |
| North Palm Beach | $299 | 4,470 SF | 5.88% |
Commercial Properties For Sale in West Palm Beach
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether West Palm Beach pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| West Palm Beach | $760 | 11,514 SF |
| Royal Palm Beach | $597 | 4,414 SF |
| Mangonia Park | $751 | 2,397 SF |
| Palm Beach Gardens | $599 | 15,917 SF |
| Riviera Beach | $519 | 21,915 SF |
Regional Demographic Comparison
This comparison places West Palm Beach alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in West Palm Beach or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| West Palm Beach | 123,917 | 52,271 | 40 | $60,487 | 2 | 28,479 | 4% |
| Mangonia Park | 2,408 | 747 | 31 | $41,423 | 3 | 596 | 15% |
| Palm Beach Gardens | 61,036 | 27,475 | 51 | $105,635 | 2 | 7,993 | 4% |
| Riviera Beach | 50,669 | 19,431 | 42 | $59,384 | 3 | 8,512 | 10% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in West Palm Beach, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in West Palm Beach
View All Commercial Real Estate For Sale in West Palm Beach
Is West Palm Beach a good market for a first-time commercial real estate investor?
West Palm Beach offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in West Palm Beach?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in West Palm Beach. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in West Palm Beach?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for West Palm Beach. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does West Palm Beach compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to West Palm Beach. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for West Palm Beach acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in West Palm Beach, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
Nearby Market Trends
- Pompano Beach Market Trends
- Delray Beach Market Trends
- Lake Worth Market Trends
- Boynton Beach Market Trends
- Lantana Market Trends
- Hypoluxo Market Trends
- Palm City Market Trends
- Stuart Market Trends
- Boca Raton Market Trends
- Lake Worth Beach Market Trends
- Riviera Beach Market Trends
- Singer Island Market Trends
- Coral Springs Market Trends
- Hobe Sound Market Trends
- Deerfield Beach Market Trends
- Palm Beach Gardens Market Trends
- Tamarac Market Trends
- Jupiter Market Trends
- Coconut Creek Market Trends
- Wellington Market Trends
- North Palm Beach Market Trends
- Margate Market Trends
- Jensen Beach Market Trends
- Palm Springs Market Trends
- North Lauderdale Market Trends
- Lake Park Market Trends
- View more
- View less
