Palm Beach County’s office market continues to evolve as businesses weigh cost, location, and long-term strategy. Recent reporting by The Palm Beach Post highlights two major themes shaping decisions right now: rising office rents in downtown West Palm Beach and continued office space demand tied to the county’s economic growth.
Our Chairman, Neil Merin, was quoted in coverage discussing how these market conditions are influencing where companies choose to locate and how they plan for the future.
Downtown West Palm Beach Office Rents Are Influencing Tenant Moves
As downtown West Palm Beach has become a premier business address, the cost of office space has climbed. Some downtown office rents are around $100 per square foot and among the highest rents nationally, prompting certain long-established tenants to reconsider their options.
In response, some firms are exploring suburban submarkets where they may be able to secure more space or better economics while still maintaining access to Palm Beach County’s major business corridors.
Neil Merin noted that other longtime West Palm Beach firms are also weighing whether a move makes sense in the current environment. “Existing tenants are starting to balk at paying $110 to $120 a square foot for space,” he said. “It’s a mindboggling jump for a partnership.”
Office Space Demand Reflects Palm Beach County’s Growth
The Post’s business outlook coverage connects office space demand to broader Palm Beach County growth, with experts anticipating a steady flow of companies rather than a sudden rush. The article specifically points to continued activity in finance, technology, and healthcare as key demand drivers.
This matters because office leasing activity often serves as a practical indicator of business confidence: companies expand when they’re hiring, investing, and establishing longer-term roots in a market.
What These Trends Mean for Tenants and Owners
For tenants: Rising rents in premium nodes like downtown West Palm Beach make it more important to evaluate your full range of options, including adjacent and suburban markets that may offer different cost structures and space configurations.
For owners and landlords: Continued demand tied to Palm Beach County’s growth underscores the value of strong positioning, smart leasing strategy, and a clear understanding of what today’s office users prioritize.
Navigating the Palm Beach County Office Market
Palm Beach County’s office market story is still being written. Between rising West Palm Beach office rents and steady demand tied to growth across the county, businesses have real decisions to make and real opportunities to capture.
Whether you’re evaluating a relocation, renewing in place, or positioning an asset to meet evolving tenant demand, having a clear understanding of local market dynamics matters.
Our team works closely with tenants and owners across Palm Beach County to help navigate these shifts with insight, strategy, and a long-term perspective. If you’re considering your next move, we’re here to help you make informed decisions in a changing market.
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Source articles:
High rent costs in downtown West Palm Beach push tenants to suburbs: Link | PDF
2026 Business Outlook: Office space demand reflects Palm Beach County growth: Link | PDF
