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South Florida CEO

| November 01, 2005 | COPYRIGHT 2005 CEO Publishing Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Industrial: The West Palm Beach market vacancy rate is just 2.9 percent in a total inventory of 14.1 million square feet. For the first half of 2005, 332,000 square feet were absorbed--the largest absorption in more than three years.

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Office: West Palm's office inventory totals 5.1 million square feet with an 11.6 percent vacancy rate. That is a gradual decline from the 17 to 18 percent range just three years ago. The market saw positive absorption of 91,392 square feet in the first half of the year.

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Retail: West Palm's retail market--with 4.4 million square feet - is the second largest in the county behind Boca Raton. With virtually no new space under construction, the area's vacancy rate is 3.02 percent--slightly below the county-wide average of 3.58 percent.

 
 ...
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