Figures
Palm Beach Industrial Figures - Q4 2025
January 13, 2026 5 Minute Read
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- Leasing activity at year-end remained concentrated in logistics-oriented submarkets, with demand favoring newer, institutional-quality product near airport and turnpike corridors. Mid- to large-bay requirements drove most transactions, while older and less functional space experienced slower absorption and longer marketing periods.
- Vacancy continued to rise as new inventory entered the market, though increases were driven by recent deliveries rather than a pullback in tenant demand. As availability expanded, tenants became more selective, prioritizing building efficiency, location, and economics, resulting in longer lease-up timelines across select submarkets.
- Rent growth decelerated but remained supported by limited land availability and replacement costs. Competition among new deliveries has shifted negotiations toward more balanced terms, setting the stage for steadier income performance in 2026.