"Pretty much everywhere in northern Palm Beach County is experiencing activity and growth because of the housing" growth, Smith, vice president with the Palm Beach County office of CB Richard Ellis Inc., tells GlobeSt.com.
Premier Airport Center, Premier Gateway Commerce Center and Premier Gateway Center are three industrial parks affected by the housing growth. These parks are in West Palm Beach and a neighbor to the south, Boynton Beach.
"Both of them are very active," says Smith. "The main reason is we're running out of product and land, vacancy is tight, and the land prices are so high… The high land prices are keeping developers from building new product, so the product is leasing fast and the demand is up.
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