The last published report from the State of Florida Master Leasing Report dated 2014/15 reported the average lease rate for Palm Beach County was $29.88 which was an increase from $27.20 the previous year.
In review of local available rental space in Riviera Beach, only 4,500 sq.ft. of office space was found at a proposed rate of $22.00 a sq.ft.
Two of the four leases at the Port Center are currently expired and the City and the landlord, GSH Holly, LLC., have been operating on a month to month basis.
The proposed lease amounts are as follows:
Suite 100, Year 1 $17.00, Year 2 $17.75 and Year 3 $18.50
Suite 302, Year 1 $17.00, Year 2 $17.75 and Year 3 $18.50
Suite 307, Year 1 $17.25, Year 2 $18.00 and Year 3 $18.75
Suite 312, Year 1 $17.00, Year 2 $17.75 and Year 3 $18.50
GSH Holly, LLC. has agreed to the build out of Suite 100 to accommodate a new floor plan to better meet the needs of police and code enforcement at no cost to the City.