• In 2019, Palm Beach County deliveries totaled 248,539 sq. ft. up 40% from 2018.
  • Prologis acquired the Liberty Airport Center as part of the $12.6 billion all-stock deal from Liberty Property Trust.
  • Total vacancy for the Palm Beach industrial market was 2.7%, staying below 4% for 17 consecutive quarters.
  • Palm Beach county experienced a record low unemployment level of 2.8% (non-seasonally adjusted), representing a 50 bps decrease year-over-year.