Boca Commerce Park Boca Raton, FL 33498

The western edge of Palm Beach County encompasses parts of Boca Raton and the growing suburbs of Wellington, which are closer to the Turnpike. This highway corridor, which runs north to south, connects most of the western suburbs of Palm Beach to northern Broward County, providing easy access to businesses and high-income households in these areas.

Outlying Palm Beach tends to be an affordable industrial area, with rents typically below the Palm Beach average. Despite this, tight availability of space has resulted in rising rents, in line with trends seen across the general market. With a greater availability of land for development than in other nearby areas, the area has seen some development activity and tends to provide newer, more up-to-date warehouse and distribution space for tenants. The area continues to garner healthy occupier demand due to the availability of newer up-to-date development along with its relative affordability which should continue to attract tenants.

Industrial tenants in the area tend to focus within the retail trade and manufacturing industries. Major tenants located here include Locus Solutions, Walmart, and Signature Butter.

The ongoing growth of the greater South Florida region in terms of demographics and residential construction will continue to boost demand for industrial space in the area. The limited availability of land for new construction has made existing industrial space here increasingly attractive for both tenants and real estate investors. Positive demographics, resulting in a rise in consumer spending in South Florida has continued to solidify tenant demand in the area, making remaining space increasingly attractive.