Developers jump on suburban office demand as tenants ditch pricey West Palm
Downtown West Palm Beach’s office market is booming. But not everyone can afford to stay. Billionaire Steve Ross’ hefty office investment and development in downtown West Palm supercharged the market, aligning with city and county boosters’ vision for growth. And Ross’ towers have become a magnet for tenants. As Ross’ investment increased rents across downtown West Palm, including in buildings he doesn’t own, some longtime area tenants have been priced out, leading them to seek space in suburban Palm Beach County areas, the Palm Beach Post reported. Development in these less flashy submarkets also is picking up, the outlet reported. […]This article originally appeared on The Real Deal. Click here to read the full story.
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