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Experts: West Palm Beach has Class A office space glut as new towers start to rise

December 10, 2019 / The Palm Beach Post
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Real estate brokers are growing concerned that top tier office buildings have too much shadow sublease space. Even as another project is up for consideration, West Palm Beach’s downtown office market is loaded with empty space, and there is little demand from tenants outside the area wanting to lease large offices, real estate professionals say. Interviews with real estate developers and brokers indicate that the city’s Class A office buildings, which typically attract the top tenants, have plentiful space available directly from the buildings, or from office tenants that are trying to sublease their space.