SFL Pulse360 | Page 42
Office Statistics
//
WestWEST
Palm BeachPALM
| Q4 2014 BEACH OFFICE Q4 2014
YTD
completion (sf)
Inventory (sf)
Direct net
absorption (sf)
YTD
direct net
absorption (sf)
Total net
absorption
(sf)
YTD total net
absorption
(sf)
YTD total net
absorption
(% of stock)
Direct
vacancy (sf)
Direct
vacancy (%)
Total vacancy
(sf)
Total vacancy
(%)
Average asking
rent ($ psf)
Under
construction /
renovation (sf)
West Palm Beach
Class A
0
3,104,040
-6,309
59,136
-6,309
62,893
2.0%
536,521
17.3%
553,967
17.8%
$35.16
0
Class B
0
2,773,442
-28,102
44,428
-31,279
47,596
1.7%
574,891
20.7%
579,367
20.9%
$22.53
0
Totals
0
5,877,482
-34,411
103,564
-37,588
110,489
1.9%
1,111,412
18.9%
1,133,334
19.3%
$28.59
0
Suburban
Class A
0
7,678,988
163,299
301,008
140,869
288,298
3.8%
1,262,591
16.4%
1,288,521
16.8%
$31.88
0
Class B
0
6,937,611
102,427
245,407
97,550
237,585
3.4%
1,568,995
22.6%
1,581,031
22.8%
$23.95
0
Totals
0
14,616,599
265,726
546,415
238,419
525,883
3.6%
2,831,586
19.4%
2,869,552
19.6%
$27.72
0
Class A
0
10,783,028
156,990
360,144
134,560
351,191
3.3%
1,799,112
16.7%
1,842,488
17.1%
$33.10
0
Class B
0
9,711,053
74,325
289,835
66,271
285,181
2.9%
2,143,886
22.1%
2,160,398
22.2%
$25.34
0
Totals
0
20,494,081
231,315
649,979
200,831
636,372
3.1%
3,942,998
19.2%
4,002,886
19.5%
$28.96
0
Market Totals
West Palm Beach Office Statistics - Q4 2014 • 2
West Palm Beach
// WEST PALM BEACH CBD
YTD total net
absorption
(sf)
YTD total net
absorption
(% of stock)
Direct
vacancy (sf)
Direct
vacancy (%)
Total vacancy
(sf)
Total vacancy
(%)
Average asking
rent ($ psf)
Under
construction /
renovation (sf)
7,377
81,546
3.8%
337,263
15.8%
354,709
16.6%
$38.46
0
10,771
40,198
6.1%
133,135
20.3%
133,135
20.3%
$23.02
0
121,744
4.4%
470,398
16.9%
487,844
17.5%
$34.20
0
171,763
19.8%
171,763
19.8%
$28.68
0
200
East Broward Boulevard
Fort Lauderdale, FL
33301 tel +1 954 233
3427 fax +1328,705
954 760 4845 [email protected]
-30,111
27,697 Suite 1030-30,111
26,398
1.7%
20.6%
330,004
20.7%
$22.38
0
20.4%
$24.20
0
Direct net
absorption (sf)
YTD
direct net
absorption (sf)
Total net
absorption
(sf)
YTD
completion (sf)
Inventory (sf)
Class A
0
2,133,596
7,377
77,789
Class B
0
657,174
10,771
40,198
Totals
0
2,790,770
18,148
117,987
18,148
-13,686
-21,489
CBD
Outer
Class A
0
865,468
Class B
0
1,597,262
Totals
0
2,462,730
-43,797
6,208
Research Manager,
Florida
-13,686Marc L. Miller
-21,489
-2.5%
-43,797
4,909
0.2%
500,468
20.3%
501,767
© 2014 Jones Lang LaSalle IP, Inc. All rights reserved.
Palm Beach (Island)*
Class A
0
104,976
0
2,836
0
2,836
2.7%
27,495
26.2%
27,495
26.2%
$62.03
0
Class B
0
519,006
-8,762
-23,467
-11,939
-19,000
-3.7%
113,051
21.8%
116,228
22.4%
$56.73
0
Totals
0
623,982
-8,762
-20,631
-11,939
-16,164
-2.6%
140,546
22.5%
143,723
23.0%
$57.66
0
Class A
0
3,104,040
-6,309
59,136
-6,309
62,893
2.0%
536,521
17.3%
553,967
17.8%
$35.16
0
Class B
0
2,773,442
-28,102
44,428
-31,279
47,596
1.7%
574,891
20.7%
579,367
20.9%
$22.53
0
Totals
0
5,877,482
-34,411
103,564
-37,588
110,489
1.9%
1,111,412
18.9%
1,133,334
19.3%
$28.59
0
Market Totals
*Asking rents not included in Market Total weighted average
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