Disclosed are a floating wall bracket and a method for constructing a floating wall using floating wall brackets. A floating wall bracket may have bracket walls designed to hold a vertical member with at least one fastening tab disposed perpendicular to said bracket walls, at least one attachment means to attach the at least one fastening tab to a base plate member, and at least one friction means that provides enough friction to hold the weight of the vertical member, but not so much friction that it will stop the vertical member from moving within the bracket once a floating wall assembly is incorporated into a building/structure. The bracket may also have at least one guide/lateral support flange disposed parallel to the bracket walls and sized/places to guide installation of the floating wall brackets and to provide lateral support to the vertical members of the floating wall assembly.