Palm Beach Retail Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Lee & Associates
Quarterly retail market indicators for Palm Beach, aggregated by CREhunt from Cushman & Wakefield, Lee & Associates. As of Q2 2026, average asking rent was $38.62/SF/yr and vacancy was 3.7%, per Cushman & Wakefield.
Projected current retail pricing — Palm Beach
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Palm Beach retail yet, so this applies the typical cap rate across comparable retail 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 6.1%–7.2%, asking rent held flat). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $38.62/SF/yr | 3.7% | 137K SF | 4 SF | Cushman & Wakefield |
| Q1 2026 Lee & Associates | — | 3.8% | — | — | Lee & Associates |
Retail asking rents by submarket
The newest asking rent a named brokerage's report published for each Palm Beach retail 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 East | $46.03/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Boca Raton North | $56.18/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Boca Raton West | $49.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Boynton/Lantana | $38.08/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Delray Beach | $45.93/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Jupiter | $39.42/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Palm Beach | $37.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Palm Beach | $91.98/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Palm Beach Cty Outlying | $29.99/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Palm Springs/Lake Worth | $32.44/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Royal Palm Bch/Wellington | $35.88/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West Palm Beach | $30.71/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West Palm Beach CBD | $44.31/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for retail space in Palm Beach?
- As of Q2 2026, the average asking rent for retail space in Palm Beach was $38.62/SF/yr, per Cushman & Wakefield.
- What is the retail vacancy rate in Palm Beach?
- The retail vacancy rate in Palm Beach was 3.7% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Palm Beach market data come from?
- This report aggregates quarterly retail market data for Palm Beach from Cushman & Wakefield, Lee & Associates.