Q4 2018 Palm Beach Retail Market Report

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In the first quarter of 2019, Palm Beach’s retail vacancy rate decreased as tenants quickly absorb newly delivered space. The vacancy rate currently stands at 5 percent, a decrease of 20 basis points quarter-over-quarter. A total of 325,805 square feet of retail space was leased in Palm Beach County in the first quarter, following an active year as 2 million square feet of retail space was leased in 2018. Some of the largest leases signed in the first quarter include Presidente Supermarket, Out of the Park, Planet Fitness and Bassett Furniture.

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Q4 2018 Palm Beach Retail Market Report

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