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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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