Palm Beach Gardens Commercial Properties for Sale & Real Estate Listings 

You’ll find a broad mix: office buildings, retail centers, mixed-use properties, and industrial / warehouse spaces. There’s also a good share of Class A office product in strategic, high-traffic submarkets.

Office asking rent averages around $40.24 per sq ft, with an office vacancy rate near 16.24%, reflecting a moderate amount of available space in the city’s office market.

Retail remains resilient, with tight vacancy in many areas. For example, Palm Beach County’s retail vacancy rate recently dropped to 4.2%, demonstrating strong demand for retail space.

New leasing deals are steady, though recent office absorption has been negative, indicating some caution among tenants. Notably, Golden Bear Plaza, one of the few Class A suburban office complexes here, recently sold and is now at about 90% occupancy.

The average list price for commercial properties is currently around $1,054,386, suggesting strong investor interest and relatively stable pricing in the local commercial market.

The city’s commercial market offers solid long-term value: with its mix of retail, office, and mixed-use properties, plus proven demand in high-traffic areas, it’s a compelling opportunity for investors focused on income-generating assets.

A medical office building sold for $14.5 million, which illustrates continued demand in the healthcare real estate segment. Additionally, a 3,791-sq-ft office property was recently sold for $1.44 million in the city.

The broader Palm Beach industrial market—relevant to Gardens—is tight in certain segments, with vacancy rates under 6% for many properties and asking rents holding up.

Some key risks include office vacancy challenges, rising development and financing costs, and potential oversupply in certain commercial subtypes. These factors require careful underwriting and tenant quality assessment.

Key considerations should include location (proximity to PGA Blvd, major roads, or high-traffic retail nodes), building class (A vs B), tenant mix (retail vs office vs medical), and long-term cash flow potential given the city’s strong demand fundamentals.