First Ntl Bank Bldg — Lease in Palm Beach, FL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Palm Beach, FL 33480

Description

Palm Beach Island is one of the wealthiest and most tightly held retail markets in the country, where the median home value sits at $2M, six times the national average. The market is anchored by two of the most powerful corridors in South Florida. Worth Avenue remains a globally recognized luxury destination, home to flagship stores for Chanel, Gucci, and Ferragamo, alongside its iconic pedestrian "vias" of boutiques and galleries found nowhere else. Just north, Royal Poinciana Plaza has become the island's most dynamic retail and dining hub, recently welcoming LOEWE's new Casa Loewe boutique alongside Sant Ambroeus and Hermès, with continued investment from major luxury houses showing no signs of slowing. Buccan remains one of the island's longstanding dining hotspots, drawing both year-round residents and a steady seasonal influx of visitors. The island consistently ranks among the most expensive zip codes in the entire country, a distinction that continues to fuel some of the highest retail rents and longest tenant waitlists for space in the state.

Market Context

This retail in Palm Beach, FL is listed for lease. Compare it against other retail listings for lease in Palm Beach, FL — view the full market.

As of Q2 2026, the Palm Beach retail market showed a 3.7% vacancy rate, and average asking rents near $38.62/SF/yr. Source: Cushman & Wakefield Q2 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Palm Beach retail market tightening or softening?
Vacancy is around 3.7% (Q2 2026).

First seen on CREHunt: Oct 4, 2026

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