Tri-county core market
Palm Beach
County.
The only tri-county market with real room left to build, and the one where the second quarter went against sellers. Both facts matter.
Core market / Q2 2026 softened, and we say so
Palm Beach behaves differently from the two counties below it because supply is not fixed here. Land runs west toward Wellington, Royal Palm Beach and the agricultural interior, and the county can still deliver new product when the demand justifies it. Pricing follows that, and so does the cycle.
The second quarter of 2026 softened. We would rather put that on the page than leave you to find it somewhere else.
Palm Beach County industrial, Q2 2026
Published by Berger Commercial Realty. Figures describe the county building market and not any single property. Yard, outdoor storage and truck parking price separately.
What most people get wrong
What the soft quarter actually means for you
That county average is dominated by warehouse buildings, and it is not one market. Modern buildings with efficient loading and adequate power are still holding their price. Older product with tight truck courts and thin power is carrying the discount, and it is carrying most of it.
Yard, outdoor storage and truck parking are a separate market again. They price on usable acreage and permitted use, not on warehouse rent per square foot, and they did not move with the building numbers. If you own a paved, fenced, correctly zoned site off Australian Avenue or on the Beeline, a headline about county asking rents is not a headline about you.
Where the industrial actually is
- Riviera BeachThe Port of Palm Beach, marine industrial and some of the best yard product in the county.
- Mangonia Park and Lake ParkSmall bay, service industrial and outdoor storage, tight to the FEC line.
- West Palm BeachAustralian Avenue and 45th Street. The core industrial corridor and the deepest tenant base.
- Boynton Beach and DelrayHigh Ridge Road and Congress Avenue. Flex and small bay serving the central county.
- Boca RatonThe highest flex rents in the county, and no industrial dirt left to build on.
- Jupiter and Palm Beach GardensMarine trades, boat and RV storage, and light industrial on the north end.
- Lake Worth and LantanaOlder service product along the FEC corridor, steady owner-user demand.
- Royal Palm Beach and WellingtonWestern service industrial, contractor yards and the equestrian trades.
- Belle Glade and the GladesAgricultural freight, equipment storage and truck staging on US-27.
The infrastructure
What sets value here
Industrial value is access. Every figure on this page is downstream of these six things.
- I-95The north-south spine, and the corridor almost every industrial submarket in the county hangs off.
- TurnpikeThe inland route, with the Beeline connection northwest out of the metro.
- SR 710 BeelineThe freight highway running northwest toward Okeechobee and the interior.
- Port of Palm BeachA deepwater port at Riviera Beach, and the shortest Florida sailing to the Bahamas.
- PBI airportPalm Beach International, with cargo and airport-adjacent service industrial around it.
- US-27Agricultural freight out of the Glades, and a real truck staging corridor.
What we sell here
Six asset classes, all of them local
- Industrial outdoor storage. Riviera Beach, Mangonia Park and the western county. Priced on the dirt, and not on the building market that softened this quarter.
- Warehouse. The county’s largest category, and the one where modern loading and power now separate the winners from the rest.
- Small bay and flex. High Ridge, Congress and Boca. Still tight, still the hardest thing for a tenant to find.
- Truck parking and terminals. The Beeline, US-27 and the Turnpike corridor.
- RV and boat storage. Jupiter, Palm Beach Gardens and the north county, against one of the densest boating populations in the country.
- Industrial land. Genuinely available here, which is what separates Palm Beach from Broward and Miami-Dade.
Cities we work in this market
Straight answers
Questions owners actually ask
That depends entirely on what you own, and it is not one market. The county average fell 3.5% in the quarter to $15.32 PSF, on a second straight quarter of negative absorption. But that average is dominated by warehouse buildings. Yard, outdoor storage and truck parking price on usable acreage and permitted use, and they did not move with it.
Phil will tell you which market your property is actually in before he tells you what to do about it. If the answer is to hold, he will say hold. He does not need the listing badly enough to give you the wrong advice.
Yes, and for a reason that has nothing to do with the quarterly building numbers. Yard product is priced on land that is correctly zoned and legally usable for open storage, and that supply is not growing. Riviera Beach, Mangonia Park and the western county still hold real yard sites, and the buyer pool for them is national.
The honest answer is that the spread between a modern building and a tired one has widened this year, so the county average is a poor guide to any single property. Clear height, truck court depth, power capacity and the rent roll are doing most of the work. Phil sets the number himself after he has seen the building, and the valuation costs nothing.
Yes. St. Lucie, Martin and Indian River are a different market from Palm Beach with a different land basis, and Industrial Storage Brokers has closed there. See the Port St. Lucie and Treasure Coast page.
Before you list in Palm Beach County
Read these before you sign a listing agreement.
How to sell a warehouse in Fort Lauderdale
The seven steps in the order they happen, what sets the price, and the three mistakes that cost owners the most.
What is my industrial property worth?
Why no website can price a warehouse or a truck yard, and what a real broker opinion of value contains.
How to choose an industrial broker
Nine questions to ask before you sign, and what a weak answer sounds like.
Next step
Find out what your property is worth.
A confidential broker opinion of value, at no cost and with no obligation to list. Phil sets the number himself.