Intelligence

Commercial Real Estate INSIGHTS

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Find the information you need to make informed commercial real estate decisions with up-to-date insights and the latest commercial real estate news. Our Coldwell Banker Commercial brokerage professionals provide invaluable, game-changing advice for businesses, identify real estate opportunities that others might overlook and offer creative solutions and sound business sense in an ever-changing environment. For more information, contact one of our specialists today.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

Select a state to view available market snapshots

Palm Beach, FL

Apartment
The vacancy rate in the Palm Beach apartment market shed 60 basis points to close the first quarter of 2019 at 5.7%. At $1,568 and $1,479 per month, asking and effective averages for first quarter 2019 were up 0.5% each for the period following gains of 4.9% and 4.4% last year. VIEW APARTMENT LISTINGS >
Industrial
Palm Beach warehouse/distribution space vacancy ended the first quarter of 2019 at the very low rate of 4.8%, down 50 basis points for the period following a flat performance overall in 2018. Rent growth in the county has slowed but remains substantial; prices are high. At $6.87 psf and $6.39 psf, first quarter mean asking and effective lease rates were up 0.7% and 1.1% for the period following gains of 2.7% and 2.9% all told in 2018. For Flex/R&D space, Reis reports first quarter vacancy at 1.2%, up 30 basis points for the quarter and up 50 over the year. Average asking and effective rents are reported at $10.88 psf and $9.75 psf, down 0.1% and unchanged over the quarter, and up 1.5% and 1.4% over the year. VIEW INDUSTRIAL LISTINGS >
Office
With only 22.5 million square feet of existing general purpose, multi-tenant inventory, Palm Beach has the smallest and least consequential of the three South Florida office markets. Vacancy ended the first quarter of 2019 at 13.9%, up 20 basis points for the period after a loss of 40 through 2018. At $31.03 psf and $24.78 psf, average asking and effective rates for first quarter 2019 represented gains of just 0.2% and 0.1% for the period. VIEW OFFICE LISTINGS >
Retail
At 8.7%, first quarter 2019 Palm Beach community-neighborhood shopping center vacancy was up 10 basis points from the quarter before following last yearÂ’s 10-basis-points rise. At $24.79 psf and $21.68 psf, first quarter community-neighborhood center average asking and effective rents were down 0.1% each for the period following increases of 2.4% and 2.5% last year. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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