Palm Beach Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE, JLL, Newmark, Colliers, Matthews
Quarterly industrial market indicators for Palm Beach, aggregated by CREhunt from Cushman & Wakefield, CBRE, JLL, Newmark, Colliers, Matthews. As of Q2 2026, average asking rent was $13.78/SF/yr and vacancy was 8.1%, per Cushman & Wakefield.
Projected current industrial pricing — Palm Beach
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Palm Beach industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent held flat). Assumes ~92% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $13.78/SF/yr | 8.1% | -132K SF | 2 SF | Cushman & Wakefield |
| Q1 2026 CBRE | $13.87/SF/yr | 1.8% | 31K SF | — | CBRE |
| Q1 2026 JLL | $14.17/SF/yr | 7.4% | 88K SF | — | JLL |
| Q1 2026 Newmark | $13.39/SF/yr | 8.4% | 2 SF | — | Newmark |
| Q4 2025 Cushman & Wakefield | $11.18/SF/yr | 7.9% | — | 515K SF | Cushman & Wakefield |
| Q4 2025 Colliers | $16.01/SF/yr | 6.8% | 142K SF | — | Colliers |
| Q3 2025 Cushman & Wakefield | $11.18/SF/yr | 8.3% | 182K SF | 811K SF | Cushman & Wakefield |
| Q2 2025 Cushman & Wakefield | $13.38/SF/yr | 6.4% | — | 13 SF | Cushman & Wakefield |
| Q3 2024 Matthews | $17.70/SF/yr | 6.3% | 21K SF | — | Matthews |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Palm Beach industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Boca Raton | $16.68/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Boynton Beach | $17.95/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Delray Beach | $15.67/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Jupiter | $13.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Lake Worth | $22.15/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Out of Submarket | $10.19/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Riviera Beach | $17.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West Palm Beach | $12.59/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for Palm Beach industrial did not fully agree. Asking-rent estimates differ by $0.78/SF/yr — from $13.39/SF/yr to $14.17/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| JLL | 7.4% | $14.17/SF/yr | — |
| Newmark | 8.4% | $13.39/SF/yr | — |
| CBRE | 1.8% | $13.87/SF/yr | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Palm Beach?
- As of Q2 2026, the average asking rent for industrial space in Palm Beach was $13.78/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Palm Beach?
- The industrial vacancy rate in Palm Beach was 8.1% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Palm Beach market data come from?
- This report aggregates quarterly industrial market data for Palm Beach from Cushman & Wakefield, CBRE, JLL, Newmark, Colliers, Matthews.
- How much do brokerage estimates differ for industrial space in Palm Beach?
- For Q1 2026, the brokerage sources CREhunt aggregates for Palm Beach did not fully agree. Asking-rent estimates differ by $0.78/SF/yr — from $13.39/SF/yr to $14.17/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.