The industrial real estate market is booming in Palm Beach County, as the strong economy spurs demand while the supply of property grows only slowly.
“There’s a very limited supply of buildings for sale, so prices are going up,” Rebel Cook, president of Rebel Cook Real Estate in Palm Beach Gardens, told The Real Deal. “It’s purely economic: the economic recovery has created demand. Unlike in 2005-06, when a frenzy drove prices up, this is a true economic cycle.”
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