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Palm Beach MarketBeat Reports

Chris Owen • 7/17/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent Palm Beach MarketBeat reports below.

 

The COVID-19 pandemic struck the U.S. in March 2020, late in the quarter but with enough time to have a significant impact on first quarter market fundamentals. In the second quarter of 2020, the U.S. economy felt its effects more fully, as government-mandated shutdowns along with shelter-in-place ordinances pushed the country deeper into recession.

Current Marketbeats

Office MarketBeat Report
Q2 2020 Palm Beach Office Report

Overall office vacancy in Palm Beach ended the second quarter at 13.7%, an increase of 50 bps over the previous 12 months. Class A vacancy rose by 30 bps year-over-year (YOY) to 13.2% and Class B vacancy remained the same at 14.4%. Suburban submarkets were slightly more stable than the CBD, falling only 20 bps in the suburbs compared to rising 50 bps in the CBD.

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Industrial MarketBeat Report
Q2 2020 Palm Beach Industrial Report

The Palm Beach County industrial market remained tight as overall vacancy ended the second quarter at 3.2%, a slight decreaseof20 bps from a year ago.

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Featured Insights: Current U.S. MarketBeats

Q2 2020 U.S. Office MarketBeat Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 7/14/2020
Q2 2020 US Industrial MarketBeat Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 7/9/2020
Q2 2020 US Retail MarketBeat Card Image
MarketBeat • Retail

Shopping Center Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Garrick Brown • 7/14/2020

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