Total vacancy for the Palm Beach industrial market was 2.2% and has remained below 4% for 16 consecutive quarters.
Private buyers represent 82.7% of total buyer composition as of Q3 2019.
Palm Beach County’s unemployment rate decreased 10 bps year-over-year to 3.7% since August 2018.
The Palm Beach industrial market currently has three buildings under construction and an industrial park composed of nine single user buildings. The total inventory under construction is 537,604 sq. ft