EdisonCRE: Palm Beach $13.14/sf

EdisonCRE published a Palm Beach County industrial snapshot on September 6 that put asking lease pricing at $13.14 per square foot across 65 available spaces and cited 32 spaces for sale at an average of $217 per square foot. The post, published on X, framed the figures as a county-level read on listed industrial availability rather than a closed-deal survey. The same post pointed readers to broader South Florida data, making Palm Beach one piece of a wider regional benchmark set. ### What exactly did EdisonCRE publish? EdisonCRE said on September 6 that Palm Beach County had 65 industrial spaces for lease at an average of $13.14 per square foot. The same snapshot listed 32 spaces for sale and paired that with an average sale figure of $217 per square foot for South Florida, according to the company’s X post cited in the source briefing. The post appears to be a listing-based market snapshot. That matters because asking data reflects current marketing conditions, not necessarily the rents or prices that owners ultimately achieve in signed leases or completed sales. (assets.cushmanwakefield.com) ### How does that compare with broker market reports? Cushman & Wakefield reported Palm Beach County’s overall average asking industrial rate at $13.69 per square foot in the second quarter of 2026, down 0.6% from the prior quarter. Its first-quarter 2026 report put the county’s overall average asking rental rate at $13.70 per square foot and warehouse-distribution rents at $13.48. Colliers reported a higher Palm Beach County average asking rent of $16.01 per square foot in the fourth quarter of 2025 and described the market as normalizing in 2026. Berger Commercial’s second-quarter 2026 report put average asking rents at $15.32 per square foot with vacancy at 8.0%. Those differences reflect methodology as much as market movement. Brokerage reports often separate warehouse and flex product, use quarterly survey cutoffs, and may include different submarkets or property types than a live listing scrape. (assets.cushmanwakefield.com) ### Why would brokers and investors care about a $13.14 asking-rent print? Palm Beach County’s $13.14 figure gives market participants a current asking-rent reference from active listings. For brokers, that can help test whether a landlord’s quoting strategy is above or below visible competition. (colliers.com) For investors, it offers a quick check on income assumptions when underwriting small-bay or mid-bay industrial assets. Matthews Real Estate Investment Services said Palm Beach County’s 2024 average sale price was $192 per square foot and average asking rent was $17.92, illustrating how sale and lease benchmarks can shift depending on period and source. EdisonCRE’s $217 sale figure for South Florida therefore reads as a regional asking benchmark rather than a Palm Beach-only closed-sales average. ### Is Palm Beach still an expensive industrial market by recent standards? Palm Beach County remained a relatively high-rent South Florida industrial market through 2025 and 2026, even as several broker reports showed rents easing from prior peaks. Colliers said fourth-quarter 2025 asking rents reached $16.01 per square foot, while Cushman & Wakefield showed second-quarter 2026 asking rates at $13.69 after several quarters of moderation. (matthews.com) Avison Young said West Palm Beach asking rents reached $16.08 per square foot in the fourth quarter of 2025. Berger Commercial said second-quarter 2026 vacancy rose to 8.0%, the fourth straight quarterly increase, alongside negative net absorption of 53,340 square feet. ### What can readers do with the sale benchmark? The $217-per-square-foot figure gives a visible sale-side reference for South Florida industrial listings in EdisonCRE’s snapshot. (colliers.com) Buyers can compare that number against local replacement cost, debt terms and target yields, while leasing brokers can use the rent figure to frame owner hold-versus-sell discussions. The next step for readers is EdisonCRE’s linked South Florida dataset on X, which the September 6 post identifies as the source for the Palm Beach and regional benchmarks. (avisonyoung.us)