Construction began on One West, a mixed-use project located in West Palm Beach which includes 210,000 sq. ft. of class A office, a 326-unit apartment building, a 200-room hotel, and 14,000 sq. ft. of retail space.
Palm Beach ended 2019 on a positive note, posting 26,174 sq. ft. of net absorption in Q4 2019, and 114,957 sq. ft. of net absorption for the year.
Vacancy continues to drop, settling at the Q4 2019 rate of 12.1%