Tri-county core
West Palm Beach
industrial.
The industrial core of Palm Beach County, with a working port at one end and a softening building market at the other.
Core market / Phil works this one in person
The Australian Avenue and 45th Street corridors are the industrial spine of Palm Beach County, and they run straight into Riviera Beach, Mangonia Park and the Port of Palm Beach. It is a genuine working district: marine industrial, contractors, distribution, service trades and the county’s best yard product, all inside a few square miles.
The county building market softened in the second quarter of 2026, and we would rather say so on the page than let you find it elsewhere. Vacancy moved to 8.0 per cent, average asking rents fell 3.5 per cent to $15.32 PSF, and absorption was negative for a second straight quarter. Those are county figures for buildings, published by Berger Commercial Realty. Yard, outdoor storage and truck parking are a separate market and did not move with them.
Where the industrial actually is in West Palm Beach
- Australian AvenueThe industrial spine. Warehouse, service and distribution running the length of the corridor.
- 45th StreetThe east-west connector, and the older industrial belt along it.
- Riviera Beach and the PortA working deepwater port, marine industrial and the best yard product in the county.
- Mangonia ParkSmall bay, service industrial and outdoor storage, tight to the FEC line.
- Belvedere and PBIAirport-adjacent flex, cargo and service industrial.
- The Beeline corridorSR 710 heading northwest, where the larger yard and land sites are.
The infrastructure
What sets value here
Industrial value is access. Everything a buyer pays for in West Palm Beach is downstream of these six things.
- I-95The spine, with 45th Street and Okeechobee feeding the industrial corridors.
- Port of Palm BeachA deepwater port at Riviera Beach, and the shortest Florida sailing to the Bahamas.
- SR 710 BeelineThe freight highway running northwest toward Okeechobee and the interior.
- Florida’s TurnpikeThe inland route and the Beeline connection out of the metro.
- PBIPalm Beach International, with cargo and airport-adjacent industrial around it.
- FEC RailwayThe main line through Mangonia Park and the older industrial belt.
What we sell in West Palm Beach
Six asset classes, and nothing else
- Industrial outdoor storage. Riviera Beach, Mangonia Park and the Beeline. Priced on the dirt, and it did not move with the building numbers.
- Warehouse. The county’s largest category, and the one where modern loading and power now separate the winners.
- Small bay and flex. Still tight, and still the hardest thing for a local tenant to find.
- RV and boat storage. Boat and RV storage against a dense marine population, with room to build west.
- Truck parking and terminals. The Beeline, the Turnpike and US-27 corridor.
- Industrial land. Genuinely available here, which is what separates Palm Beach from Broward and Miami-Dade.
Straight answers
Questions owners actually ask
It depends entirely on what you own, and it is not one market. The county average fell 3.5 per cent in the quarter to $15.32 PSF on a second straight quarter of negative absorption. That average is dominated by warehouse buildings. Yard, outdoor storage and truck parking price on usable acreage and permitted use and 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 hold, he will say hold.
For yard and marine industrial, yes, meaningfully. Riviera Beach carries the port, the marine trades and the county’s strongest outdoor storage product, and its buyer pool is not the same one bidding on an Australian Avenue warehouse. We market them differently because they sell differently.
Clear height, truck court depth, power capacity and the rent roll are doing most of the work right now, and the spread between a modern building and a tired one has widened this year. That makes the county average a poor guide to any single property. Phil sets the number himself after seeing the building, and the valuation costs nothing.
Before you list in West Palm Beach
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.