West Palm Beach office insight - Q2 2018

The first half of 2018 brought 243,000 square feet of negative absorption – that is the biggest shift seen in the market since 2008. Some of the negative absorption came from the lack of any major move-ins coupled with a very large share of buildings with small move-outs/downsizes. However, a large share came from two large moves – Shoes for Crews left 37,700 square feet in One Clearlake (moved to Boca Raton North) and NTT America left 56,000 square feet in Boca Raton Innovation Campus (Downsized to less than 2,000 square feet elsewhere in the market). 

While some of that space has already been backfilled for lease, there is still a new chunk of space on the market. Currently, the average time on the market for blocks over 20,0000 square feet is 25.6 months. And, there are currently 29 large blocks on the market – the majority and the largest block(s) are in Boca Raton North.

Fill out this form to download report


Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.