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Palm Beach Office Figures - Q3 2023

October 11, 2023 5 Minute Read

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  • Market fundamentals have slowed but remain positive with rent growth of 3.0% and total vacancy down 30 bps year-over-year to 14.3%.
  • Active tenant requirements are down compared with last year as new-to-market returns to normal.
  • The office market in Delray is primed for growth with no Class A vacancy and two new buildings currently under-construction.