NREI WIRE
West Palm Beach

Class A Office District Proposed in Downtown West Palm Beach Could Allow Related Tower

According to local officials, class-A office buildings in the area have a vacancy rate of 5.0 percent.

A new zoning district incentivized for “Class A” office has been proposed in part of downtown West Palm Beach, which would aid the Related Cos.’ effort to build a 25-story office tower there. According to data cited by city officials from brokerage JLL, the “Class A” office buildings downtown have a vacancy rate of just 5 percent. City efforts to recruit major corporate tenants downtown have fallen short because of the lack of available office space.

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