West Palm Beach, Florida Commercial Real Estate Market Report

The West Palm Beach commercial real estate market currently reflects an inventory of 849 active listings on Commrty. The vast majority of these opportunities are structured for sale, totaling 834 listings, while only 15 listings are available for lease. All 849 active listings were introduced to the platform within the last 90 days, with no new entries recorded in the most recent 30-day period. This reflects a concentrated supply of properties seeking ownership transition rather than tenant occupancy across this significant South Florida coastal market. Pricing for the 89 listings that disclose financial terms shows asking prices ranging from $6 million to $25 million, with a median price of $750,000 and a median advertised cap rate of 6.80 percent. These figures provide a baseline for investors evaluating the current risk and return profile for assets throughout the region. The inventory is heavily weighted toward multifamily properties, which account for 619 listings, all of which are offered for sale. Retail and land assets follow, with 64 and 47 listings respectively. The remaining pool includes 33 office properties, 37 business listings, and 20 industrial spaces. This composition suggests a market focused on residential and commercial development potential rather than high-density leasing activity. Prospective buyers can utilize these figures to gauge the breadth of available supply relative to their own capitalization strategies and sector-specific investment goals.