Commercial Real Estate in Palm Beach County
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Reonomy attracts a large community of Palm Beach County commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.
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Palm Beach County commercial real estate sold prices and values
| Values and sold prices (last 24 months) | United States | Florida | Palm Beach County |
|---|---|---|---|
| Average price/sqft | -- | -- | -- |
| Average sold price | $902,846 | $1,067,434 | $3,829,614 |
| Median sold price | $87,257 | $88,789 | $414,651 |
| Number of sales | 5,497,572 | 507,698 | 12,305 |
| Number of sales over $250k | 1,834,091 | 188,627 | 8,243 |
| Number of sales over $1m | 483,631 | 53,253 | 3,071 |
| Number of sales over $10m | 73,641 | 7,921 | 640 |
| Average total tax amount | $5,354 | $4,729 | $18,696 |
| Average assessed value | $248,213 | $248,680 | $891,308 |
| Average market value | $333,190 | $279,788 | $967,920 |
Palm Beach County commercial real estate property averages
| Property averages | United States | Florida | Palm Beach County |
|---|---|---|---|
| Average lot size | -- | 349,029 sf | 361,909 sf |
| Median lot size | -- | 14,564 sf | 17,766 sf |
| Average building area | -- | -- | -- |
| Median building area | -- | -- | -- |
| Median year built | 1971 | 1982 | 1977 |
| Average number of units | -- | 84 | 32 |
| Median number of units | 2 | 2 | 4 |
Palm Beach County commercial real estate total supply
| Supply | United States | Florida | Palm Beach County |
|---|---|---|---|
| Number of parcels | 163,039,512 | 2,908,065 | 73,642 |
| Aggregate lot acerage | -- | 17,648,039 | 441,162 |
| Aggregate building area | -- | -- | -- |
| Aggregate units | 95,407,934 | 38,224,613 | 609,852 |
Palm Beach County commercial real estate industrial mortgages
| Debt | United States | Florida | Palm Beach County |
|---|---|---|---|
| Number of mortgages | 43,264,319 | 2,463,949 | 125,162 |
| Average value of mortgages | $6,661,525 | $5,592,832 | $6,132,867 |
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