West Palm Beach industrial real estate market report
Q1 2025

Vacancy
Development activity
West Palm Beach has 980,000 square feet under construction as of Q1 2025. Availability remains elevated as the market continues adjusting to recent deliveries.
Asking rents
Asking rents rose to $15.96 per square foot (psf) NNN in Q1 2025, up nearly 5% since Q2 2024, reflecting steady pricing strength despite a slower pace of growth.
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