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Palm Beach County 2018 MARKET OVERVIEW A Florida Research Report View Market Overview cushwakesouthfl.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION

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Page 1: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

Palm Beach County2018 MARKET OVERVIEWA Florida Research Report

View Market Overview cushwakesouthfl.com

FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION

Page 2: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

AD

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PALM BEACH COUNTY TOTAL POPULATION1.4MILLION

Part of Miami-Fort Lauderdale-West Palm Beach Metropolitan Statistical Area (MSA)

West Palm Beach108,000

Boca Raton96,000

Boynton Beach75,000

THREELARGEST

CITIES

1. Third most populous county in the state and is the largest county in Florida

2. Diverse industry clusters from agriculture to high tech

3. Skilled workforce with higher average household incomes

4. Significant logistics market with strong ties to the Caribbean and international markets

5. Over 200 golf course and 1,000 tennis courts attest to the high quality of life amenities

0 - 3435 - 4445 - 5455 - 6465 - 7475 - 8485+

AGEBREAKOUT

Market Overview

Why Palm Beach?

Page 3: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

AD

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ES Palm Beach County remains one of the wealthiest

counties in Florida and is a popular upscale tourist and retiree destination, home to some of the country’s most lavish homes, resorts. The area’s significant amenities foster the development of diverse industry clusters that require a skilled labor pool.

Opa LockaAirport

FORT LAUDERDALE/HOLLYWOODINTERNATIONAL AIRPORT

PALM BEACHINTERNATIONALAIRPORT

MIAMIINTERNATIONALAIRPORT

HomesteadAir Force Base

Homestead-MiamiSpeedway

MARTIN

Plantation

Sunrise

Oakland Park

FORTLAUDERDALE

PembrokePines

PompanoBeach

CoconutCreekMargate

CoralSprings

DEERFIELDBEACH

Hollywood

Miramar

HallandaleBeach

NorthMiamiBeach

NorthMiami

MIAMI BEACHHialeah

Doral

Coral Gables CoconutGrove

MIAMI

Carol City

Virginia Key

Key BiscayneKendall

CutlerBay

Homestead

DelrayBeach

BOCARATON

WEST PALMBEACH

BoyntonBeach

Greenacres LakeWorth

RivieraBeach

Palm BeachGardens

Wellington

Clewiston

Harlem

BelleGlade

Pahokee

Davie

Wilton Manors

Tamarac

Weston

Parkland

Royal PalmBeachAVERAGE INCOME $85,000

POPULATION GROWTH (2010-17) 11.4%

POPULATION AGE 20-34 80,208

BACHELOR OR HIGHER 217,683

RENTER OCCUPIED HOUSING 97,855

Walk Score® by MarketClematis Street

West Palm Beach

Walk Score®

96

WALKERS PARADISE

Atlantic AvenueDelray Beach

Walk Score®

93

WALKERS PARADISE

Mizner ParkBoca Raton

Walk Score®

90

WALKERS PARADISE

Source: walkscore.com

90–100 WALKER’S PARADISE Daily errands do not require a car

70–89 VERY WALKABLE Most errands can be accomplished on foot

50–69 SOMEWHAT WALKABLE Some errands can be accomplished on foot

25–49 CAR-DEPENDENT Most errands require a car

0–24 CAR-DEPENDENT Almost all errands require a car

Walk Score® Key

Page 4: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

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45th St.

Yamato Rd.

Hollywood

Opa-Locka

Hillsboro Blvd.

Allapattah

Griffin Rd.

Broward Blvd.

Sheridan Street

Ali Baba Ave. Metrorail Transfer

Earlington Hts.

?

?

SE 12th St.

L

Cypress Creek

Hollywood Blvd.

Pal

met

to

Oke

echo

bee

Hia

leah

Dr. Martin Luther King, Jr.

Brownsville

Santa Clara

Civic Center

Culmer

Brickell

Vizcaya Coconut Grove

Douglas Road

South Miami

Dadeland North

M I A M I - D A D EM I A M I - D A D E

B R O WA R DB R O WA R D

Overtown/Lyric Theatre ?

Boynton Beach

Boca Raton

Congress Av.

Gateway Blvd.

Lake Worth Rd. Lake Worth

West Palm Beach Mangonia Park

Deerfield Beach

Ft. Lauderdale

Pompano Beach

T

Dadeland South

University

Government Center

Nor

th-

side

NW 79th St.

Hialeah Market

Sample Rd. & NW 8th Av.

Cypress Creek Rd. & Powerline Rd.

Ft. Lauderdale-Hollywood Int' Airport at Dania Beach

Delray Beach P A L M B E A C HP A L M B E A C HP A L M B E A C HP A L M B E A C H

SYSTEM MAP

T

?

Banyan Blvd. & Tamarind Av.

Golden Glades

Tri-Rail Station Free Tri-Rail Shuttle @Station Direct Shuttle Route to Airport Miami-Dade Metrorail Metrorail Station Transfer Station Metrorail Orange Line Metrorail Green Line International Airport Access to Amtrak

Fort Lauderdale-Hollywood International Airport

Miami International Airport

Palm Beach International Airport

Miami Intermodal

Center

T Miami Airport

Palm Beach County connects South Florida to markets throughout the state with strong ties to Caribbean trade. Palm Beach International Airport6 million passengers a year, 200 daily non-stop flights and voted a top 5 medium size airport by TripAdvisor.

Cargo Rail6 million passengers a year, 200 daily non-stop flights and voted a top 5 medium size airport by TripAdvisor.

HighwaysMajor roads include Interstate 95 and the Florida Turnpike as well as Highway 80 that runs east-west, connecting towards Lake Okeechobee and Ft. Myers.

Brightline / All Aboard FloridaFast moving connector train will eventually connect South Florida to Orlando. 1st Phase, now open, allows passengers to travel between Downtown Miami, Ft. Lauderdale and West Palm Beach in less than 40 minutes.

Public TransportationThe regional Tri-Rail service ties the County to other markets in South Florida. An extensive bus network connects various communities along the coast. WPB has a trolley system downtown that makes it easier to get around without a car.

Transportation

Page 5: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

45 MILES of Pristine Beaches

2 MAJORCBD AREASWest Palm Beach & Boca Raton

3,200+ Restuarants & Cafés

200+ Cultural Institutions Including Norton Museum of Art, Boca Raton Museum of

Art and Flagler Museum

160+ Golf Courses & 1,000+ Tennis Courts

SPRING TRAINING

MLB St. Louis Cardinals, Miami Marlins, Washington Nationals & Houston Astros

The Alchemist

The Galley

Clematis StreetRosemary Square - Cityplace

Kravis for the Performing Arts Norton Museum of Art

200+ HOTELS

with 17,000+ Guest Rooms

Culture

Page 6: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

AgribusinessBased on sales, Palm Beach County leads the state and all counties east of the Mississippi River, and is one of the ten largest county agricultural industries in the United States. The County leads the nation in the production of sugarcane, fresh sweet corn, and sweet bell peppers. It leads the state in the production of rice, lettuce, radishes, Chinese vegetables, specialty leaf, and celery.

Aviation/AerospaceRecognized as a national leader in the industry with more than 17,000 employees in over 1,350 firms in the county.

Distribution/LogisticsStraddling markets between Central and South Florida, Palm Beach County is connected to major trade lanes via superior infrastructure, including a port, major highways and rail.

High Tech/TelecommunicationsAs the birthplace of the IBM PC, Palm Beach is at the forefront of Information Technology supporting over 1,400 companies that employ over 18,500 people.

Marine ServicesWith 40,000 recreational craft from mega-yachts to kayaks, boating is a key industry that employs almost 20,000 workers and $1.35 billion direct annual economic impact.

Port of Palm Beach 2017 By the Numbers

CRUISE INDUSTRY

750 DIRECT

JOBS$50+ Million In Revenue

CARGO BUSINESS

2,500+ DIRECT

JOBS$154+ Million In Revenue

SUGAR

783,690 SHORT TONS

$358 M735 - 20 TON TRUCKS = 1 BARGE

PALM BEACH COUNTY

162 ACRES

HIGHEST CONTAINER VOLUME PER ACRE IN

THE U.S.

3Slips

17Births

7Roll-on/Roll-off Ramps

CRUISE SHIP PASSANGERS

502,876CARGO

2,519,255 SHORT TONS

CARGO RAIL CARS

17,324RAIL

6.5 MILESNEW TRACK

1,400 FEET Coming Soon

Business & Trade

Page 7: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

UNIVERISTY & COLLEGE ENROLLMENT (FALL 2017)

Palm Beach State College 30,052

Florida Atlantic University 26,370

Nova Southeastern University 18,083

Keiser University 9,743

Palm Beach Atlantic University 3,660

Lynn University 2,720

Everglades University 1,513

Lynn University

Palm Beach State College

K-12 Ranks as One of the Best in Florida.

The school district has the highest graduation rate of 82.3% out of all large urban school districts in Florida and has outperformed the state’s graduation rate for five consecutive years.

16 Institutions of Higher Learning offering everything from technical

certifications to doctorate degrees, as well as dozens of vocational and technical institutions.

Nova Southeastern University

Keiser University

Florida Atlantic University

Palm Beach Atlantic University

Education

Page 8: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

Palm Beach County Headquarters

Headquarters by Sector

300+ Employees

Palm Beach County remains a highly active place to live and work, and projects to be one of the hottest places for job growth in South Florida.

Employment

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ADT HQ - Boca Raton

Office Depot HQ - Boca Raton

G4S HQ - Jupiter

United Technologies HQ - Palm Beach Gardens

Page 9: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

j

j

jOkeeheelee Park

Palm Beach Int'l Airport

South County Regional Park

Loxahatchee Nat'l Wildlife Refuge

Jupiter

Greenacres

Wellington

Boca Raton

Lake Worth

Delray Beach

Riviera Beach

Boynton Beach

West Palm Beach

Deerfield Beach

Royal Palm Beach

Palm Beach Gardens

Lantana

Parkland

Kings Point

Loxahatchee

Boca del Mar

Palm Springs

Sandalfoot Cove

North Palm Beach

Lake Worth Corridor

Hamptons at Boca Raton

Rood

Delta

Tequesta

Floresta

Lakeview

Lake Park

West Gate Palm Beach

Juno Beach

Sun Valley

Mission Bay

Boca Pointe

Whisper Walk

Golden Lakes

Mangonia Park

Rainbow Homes

Ninemile Bend

Highland Beach

Paradise Palms

Limestone Creek

University Park

Florida Gardens

Century Village

West Dixie Bend

Twentymile Bend

Country Club Trail

Jupiter Inlet Colony

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Martin

Broward

Atlantic Ocean

HERE, Esri

0 4.6 km

0 2.85 mi1:202,150

North Palm Beach Company Headquarters

Partial List of Company Headquarters 300+ EmployeesCOMPANY CITY EMPLOYEES

G4S Secure Solutions Jupiter 86,494

United Technoloties /Carrier Corp Palm Beach Gardens 44,545

Dycom Industries, inc. Palm Beach Gardens 14,545

Cemex Materials, LLC West Palm Beach 12,973

Rockwell Collins Wellington 10,875

Fanjul Corp. West Palm Beach 5,000

Florida Crystals Corporation West Palm Beach 2,000

Flagler Systems, Inc. Palm Beach 2,000

Toojay’s Management, LLC West Palm Beach 1,600

Duffy’s Holdings, Inc. Palm Beach Gardens 1,100

Pepsi Cola Bottling Riviera Beach 1,000

PGA National Resort & Spa Palm Beach Gardens 1,000

Midas, Inc. Palm Beach Gardens 940

Jet Aviation International, Inc. West Palm Beach 800

Sysco Southest Florida, Inc. Riveria Beach 440

Tire Kingdom, LLC Palm Beach Gardens 290

AD

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Page 10: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

j

j

jOkeeheelee Park

Palm Beach Int'l Airport

South County Regional Park

Loxahatchee Nat'l Wildlife Refuge

Jupiter

Greenacres

Wellington

Boca Raton

Lake Worth

Delray Beach

Riviera Beach

Boynton Beach

West Palm Beach

Deerfield Beach

Royal Palm Beach

Palm Beach Gardens

Lantana

Parkland

Kings Point

Loxahatchee

Boca del Mar

Palm Springs

Sandalfoot Cove

North Palm Beach

Lake Worth Corridor

Hamptons at Boca Raton

Rood

Delta

Tequesta

Floresta

Lakeview

Lake Park

West Gate Palm Beach

Juno Beach

Sun Valley

Mission Bay

Boca Pointe

Whisper Walk

Golden Lakes

Mangonia Park

Rainbow Homes

Ninemile Bend

Highland Beach

Paradise Palms

Limestone Creek

University Park

Florida Gardens

Century Village

West Dixie Bend

Twentymile Bend

Country Club Trail

Jupiter Inlet Colony

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Martin

Broward

Atlantic Ocean

HERE, Esri

0 4.6 km

0 2.85 mi1:202,150

South Palm Beach Company Headquarters

Partial List of Company Headquarters 300+ EmployeesCOMPANY CITY EMPLOYEES

Sun Capital Partners, Inc Boca Raton 76,615

Office Depot, Inc. Boca Raton 67,000

ADT, Inc. Boca Raton 63,100

Tyco Simplex Grinnell Boca Raton 31,876

Careers USA, Inc. Boca Raton 20,000

Geo Corrections Holdings, Inc. Boca Raton 10,432

Sunbeam Products, Inc. Boca Raton 6,000

Ocean Properties, Ltd. Delray Beach 5,800

Bluegreen Vacations Corp Boca Raton 5,729

Hollander Sleep & Home Fasions Boca Raton 3,719

Apple Investors Group, LLC Boynton Beach 2,000

Cancer Treatment Centers of America, Inc. Boca Raton 1,900

Lion Gables Realty Limited Boca Raton 1,400

Mlton Management Lake Worth 1,400

Red Hawk Fire & Security, LLC Boca Raton 1,280

Hair Club for Men, Ltd, inc. Boca Raton 920AD

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Page 11: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

j

j

jOkeeheelee Park

Palm Beach Int'l Airport

South County Regional Park

Loxahatchee Nat'l Wildlife Refuge

Jupiter

Greenacres

Wellington

Boca Raton

Lake Worth

Delray Beach

Riviera Beach

Boynton Beach

West Palm Beach

Deerfield Beach

Royal Palm Beach

Palm Beach Gardens

Lantana

Parkland

Kings Point

Loxahatchee

Boca del Mar

Palm Springs

Sandalfoot Cove

North Palm Beach

Lake Worth Corridor

Hamptons at Boca Raton

Rood

Delta

Tequesta

Floresta

Lakeview

Lake Park

West Gate Palm Beach

Juno Beach

Sun Valley

Mission Bay

Boca Pointe

Whisper Walk

Golden Lakes

Mangonia Park

Rainbow Homes

Ninemile Bend

Highland Beach

Paradise Palms

Limestone Creek

University Park

Florida Gardens

Century Village

West Dixie Bend

Twentymile Bend

Country Club Trail

Jupiter Inlet Colony

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Palm Beach

Martin

Broward

Atlantic Ocean

HERE, Esri

0 4.6 km

0 2.85 mi1:202,150

1

2

3

4

5

6

7

8

9

11

12

13

10

Palm Beach County Hospitals with over 100 Bed Count

NO. HOSPITAL ADDRESS CITY BEDS

1 JFK MEDICAL CTR. 5301 S Congress Avenue Atlantis 472

2 ST. MARY’S MEDICAL CTR. 901 45th Street West Palm Beach 464

3 BETHESDA HOSPITAL (EAST) 2815 S Seacrest Blvd Boynton Beach 401

4 BOCA RATON REGIONAL HOSPITAL 800 Meadows Road Boca Raton 400

5 DELRAY MEDICAL CENTER 5352 Linton Blvd Delray Beach 350

6 GOOD SAMARITAN MEDICAL CENTER 1309 N Flagler Drive West Palm Beach 333

7 WEST PALM BEACH VA MEDICAL CTR. 7305 N Military Trail Riviera Beach 270

8 JFK MEDICAL CTR. (NORTH) 2201 45th Street West Palm Beach 245

9 WELLINGTON REGIONAL MEDICAL CENTER 10101 Forest Hill Blvd Wellington 233

10 JUPITER MEDICAL CTR. 1210 S. Old Dixie Hwy Jupiter 207

11 PALMS WEST HOSPITAL 13001 Southern Blvd Loxahatchee 204

12 PALM BEACH GARDENS MEDICAL BLDG 3360 Burns Road Palm Beach Gardens 199

13 WEST BOCA MEDICAL CTR. 21644 State Road 7 Boca Raton 195

1

2

3

4

5

6

7

8

9

10

11

12

13

Comprehensive healthcare coverage throughout the county, with approximately 30 hospitals, numerous outpatient/urgent care facilities and an extensive network of treatment services.

Healthcare

Page 12: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

j

j

jOkeeheelee Park

Palm Beach Int'l Airport

South County Regional Park

Loxahatchee Nat'l Wildlife Refuge

Jupiter

Greenacres

Wellington

Boca Raton

Lake Worth

Delray Beach

Riviera Beach

Boynton Beach

West Palm Beach

Deerfield Beach

Royal Palm Beach

Palm Beach Gardens

Lantana

Parkland

Kings Point

Loxahatchee

Boca del Mar

Palm Springs

Sandalfoot Cove

North Palm Beach

Lake Worth Corridor

Hamptons at Boca Raton

Rood

Delta

Tequesta

Floresta

Lakeview

Lake Park

West Gate Palm Beach

Juno Beach

Sun Valley

Mission Bay

Boca Pointe

Whisper Walk

Golden Lakes

Mangonia Park

Rainbow Homes

Ninemile Bend

Highland Beach

Paradise Palms

Limestone Creek

University Park

Florida Gardens

Century Village

West Dixie Bend

Twentymile Bend

Country Club Trail

Jupiter Inlet Colony

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Palm Beach

Martin

Broward

Atlantic Ocean

HERE, Esri

0 4.6 km

0 2.85 mi1:202,150

1

23

456

78

9

11

13

10

Palm Beach County has a multilayered shopping environment. The county is in the forefront of “experiential retail” that recognizes that there is a growing preference for experiences over the traditional shopping setting. There are high-end concepts to outlet malls that cater to the local population and tourist consumers.

Palm Beach County Retail Shopping Districts

NO. SHOPPING DISTRICT NO. SHOPPING DISTRICT

1 HARBOURSIDE PLACE ANTIQUE ROW

2 THE GARDENS MALL WORTH AVENUE

3 DOWNTOWN AT THE GARDENS THE MALL AT WELLINGTON GREEN

4 LEGACY PLACE BOYNTON BEACH MALL

5 PGA COMMONS RENAISSANCE COMMONS

6 MAINSTREET AT MIDTOWN ATLANTIC AVENUE

7 CLEMATIS STREET DELRAY MARKETPLACE

8 ROSEMARY SQUARE - CITY PLACE TOWN CENTER AT BOCA RATON

9 PALM BEACH OUTLETS UNIVERSITY COMMONS

10 NORTHWOOD VILLAGE MIZNER PARK

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

12

1415

1617

182019

Retail & Shopping

Page 13: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

HARBOURSIDE SHOPSJUPITER

Major Retailers

ARTLANTIC FINE ART CHICO’S FRANCESCA’S

GO COASTAL STUDIO HMY YACHTS HOUSE OF ART’S GALLERY

JOFIT JOHN CRAIG CLOTHEIR MARIE ANTOINETTE’S FURNITURE

NATIVE VISIONS GALLERIES PAUL GRUNER ART GALLERY PUCCI & CATANA

TOMMY BAHAMA VENETIAN NAIL SPA WHITE HOUSE | BLACK MARKET

WYNDHAM GRAND JUPIER BRAVO CUCINA ITALIANA CALAVERA’S CANTINA

TOO BIZAARE ANOTHER BROKEN EGG CAFE TOMMY BAHAMA CAFE

THE WOODS JUPITER

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DOWNTOWN AT THE GARDENSPALM BEACH GARDENS

Major Retailers

Z GALLERIE YARD HOUSE WHOLE FOODSWEST ELM TOOD JAY’S URBAN OUTFITERS

SUR LA TABLE IT’S SUGAR CRAZY 8

DIRTY MARTINI COUTOUR OPTIQUE CONTEMPORARY LIVING

CHSEESECAKE FACTORY CARLS PATIO COBB THEATERS

AVACADO GRILL THE BLEND BLESSED BOUTIQUE

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WORTH AVENUEPALM BEACH

Major Retailers

NEIMAN MARCUS VALENTINO

SAKS FIFTH AVENUE SALVATOR FERRAGAMO

AKRIS INTERMIX

ALTONA BOUTIQUE MICHAEL KORS

AMINA RUBINACCI KATE SPADE

ANNE FONTAINE JIMMY CHOO

BRADFORD PORTRAITS GIORGIO ARMANI

CHRISTOFLE TIFFANY & CO.

EDWARD BEINER EYEWEAR GREYSON CLOTHIERS

EMILIO PUCCI GUCCI

ENGEL & VOLKERS HUBLOT

GOLFINO LANA MARKS

IRENE LUMMERTZ JEWLERY LOUIS VUITTON

MASSIMILIANO STANCO PANERAI

PROVIDENT JEWLERY ROBERTA ROLLAR RABIT

TAMARA COMOLLI WORTH AVENUE YACHTS

VAN CLEEF & ARPELS RICHTERS OF PB

A.R.T. WORTH AVE MAISON MAURICE

BOTTEGA VENETA ESCADA

MAXMARA CHANEL

RALPH LAUREN SHARI’S PLACE

PETER MILLAR VINYARD VINES

MAUS & HOFFMAN STUBBS & WOOTTON

VILEBREQUIN CASHMERE PALM BEACH

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ROSEMARY SQUARE - CITYPLACEWEST PALM BEACH

Major Retailers

ADORE ANTHROPOLOGIE ANUSHKA SPA & SALON

BANG & OLUFSEN BATH & BODY WORKS FRANCESCA’S

GARALA ART H&M LA FITNESSRESTORATION HARDWARE PRIMO COMFORT SHOES PUBLIX

SUNGLASS HUT SEE SEPHORA

UNOPIU THE SHADE STORE TOMMY BAHAMA

WPB COLLECTIVE VENETIAN NAIL SPA VICTORIA SECRET

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THE MALL AT WELLINGTON GREENWELLINGTON

Major Retailers

ABERCROMBIE & FITCH

ALDO

AMERICAN EAGLE

APPLE

BATH & BODY WORKS

DILLARDSEXPRESS

FOOT LOCKER

FOREVER 21

GAP

GUESS

H&M

HOLISTER

JC PENNYKAY JEWLERS

LOFT

LUSH

MACY’SNORDSTROM

STARBUCKS

TOMMY BAHAMA

VICTORIA SECRET

ZALES

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TOWN CENTER AT BOCA RATONBOCA RATON

Major Retailers

7 FOR ALL MANKIND ABERCROMBIE & FITCH

ALDO AMERICAN EAGLE

ANN TAYLOR ANHROPOLOGIE

APPLE BANANA REPUBLIC

BATH & BODY WORKS BLOOMINGDALE’SBOSE HUGO

BROOKS BROTHERS BROOKSTONE

CARTIER CAROLINE HERRERA

CHICO’S CLUB MONACO

COACH COLE HAAN

CRATE & BARREL ECCO

EXPRESS FOOT LOCKER

FOREVER 21 FRANCESCA’S

GAP GUCCI

GYMBOREE INTERMIX

INVICTA J. JILL

J. CREW KATE SPADE

KIEHLS LACOSTE

LOFT LULULEMON

MACY’S MICHAEL KORS

NEIMAN MARCUS NORDSTROMPOTERY BARN SAX FIFTH AVENUESEPHORA TALBOTS

TESLA TIFFANY & CO

TOMMY BAHAMA VESACE

RENOVATION RENDERING RENOVATION RENDERING

Page 19: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

MIZNER PARKBOCA RATON

Major Retailers

AT&T BLUEMERCURY CRISTINO FINE JEWLERY

DUBLINER EDGELOOK FRANCESCA’S

GRAMERCY HAIR SALON IPIC THEATERS IT’S SUGAR

J MCLAUGHLIN JANIE & JACK JUNIORS

KAPOW KENDRA SCOTT LE MCARON

LORD & TAYLOR MARCELLO SPORT MARTIER

MAX’S GRILL PLANET BLUE RACKS

STARBUCKS SUGARBOO & CO SUR LA TABLE

TOMMY BAHAMA YARD HOUSE Z GALLERIE

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Palm Beach County offers relocating and expanding companies competitive incentives on par with other major metropolitan areas and states. These incentives are flexible and apply to many different industry sectors and activities. Local and state government provides various types of assistance to new and expanding businesses that create employment. The level of assistance depends on the number of jobs created and the wage/benefits provided.

Competitive Advantage

Funding/Training Incentives for EmloyersEmployer-based incentive programs, administered

by CareerSource Palm Beach County and/or the state of Florida, are available in Palm Beach County. These programs are enacted and modified by laws at the federal, state, and/or local levels, and can change at any time.

Tax CreditsThe Work Opportunity Tax Credit (WOTC) provides incentives to private for-profit

employers to encourage the hiring of individuals from certain targeted groups of jobseekers who traditionally have difficulty finding employment.

Hiring VeteransVeterans receive priority of service at CareerSource Palm Beach County and their skills, values and extensive training are highly marketable to businesses of all sizes and industries. Veterans

are disciplined, team players with skills businesses need to reach their goals and successfully grow.

FPL Economic Development Rate

FPL’s new Office of Economic Development is creating a suite of professional services intended to assist businesses with strategic planning, project coordination, site selection, rate options, sustainability and energy efficiency. An experienced staff will provide a single point of contact with the technical expertise and knowledge to help businesses thrive in this region.

Department of Housing and Economic Sustainability

Ad Valorem Tax Exemption

Film & Television Grant

Foreign Trade Zone #135

Job Growth Incentive Fund

Page 21: Palm Beach County 2018 MARKET OVERVIEW · View Market Overview cushwakesouthff.com FOR INTERNAL USE ONLY. NOT FOR DISTRIBUTION. ADDITIONAL PAGES PALM BEACH COUNTY TOTAL POPULATION

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Okeeheelee Park

Palm Beach Int'l Airport

South County Regional Park

Jupiter

GreenacresWellington

Boca Raton

Lake Worth

Delray Beach

Riviera Beach

Boynton Beach

West Palm Beach

Deerfield Beach

Royal Palm Beach

Palm Beach Gardens

Lantana

Parkland

Kings Point

Loxahatchee

Boca del Mar

Palm Springs

Sandalfoot Cove

North Palm Beach

Lake Worth Corridor

Hamptons at Boca Raton

Rood

Monet

Delta

Floresta

Lake Park

West Gate Palm Beach

Juno Beach

Sun Valley

Mission Bay

Boca Pointe

Whisper Walk

Golden Lakes

Mangonia Park

Rainbow HomesHighland Beach

Paradise Palms

Limestone Creek

University Park

Florida Gardens

Century Village

West Dixie Bend

Country Club Trail

Jupiter Inlet Colony

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Multifamily

Industrial

Healthcare

General Retail

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Palm Beach County

Projects Under ConstructionNo. Address Building Property Type City

1 1817 NW 42nd Dr Moderne Boca Multi-Family Boca Raton

2 7060 Beracasa Way LA Fitness General Retail Boca Raton

3 155 E Boca Raton Rd Tower 155 Multi-Family Boca Raton

4 20583 Boca West Dr Akoya Boca West Multi-Family Boca Raton

5 5500 Broken Sound Blvd NW The Lumin at Boca Raton Multi-Family Boca Raton

6 327 E Royal Palm Rd 327 Royal Palm Multi-Family Boca Raton

7 1230 SW 35th Ave Industrial Boynton Beach

8 1002 Audace Multi-Family Boynton Beach

9 1645 Renaissance Commons Blvd Santorini Multi-Family Boynton Beach

10 111 SE 1st Ave 111 First Delray Multi-Family Delray Beach

11 202 SE 5th Ave Multi-Family Delray Beach

12 4840 W Atlantic Ave Health Care Delray Beach

13 8918 W Atlantic Ave Atlantic and Lyons General Retail Delray Beach

14 15001 US Highway 441 SWC Atlantic Ave and SR7 Office Delray Beach

15 60 SE 4th Ave 4th & 5th Delray Office Delray Beach

16 20 W Atlantic Ave Building 1 General Retail Delray Beach

17 20 W Atlantic Ave Building 12 General Retail Delray Beach

18 420 N 4th St Specialty Lantana

19 555 Hypoluxo Rd The Preserve at Hypoluxo Multi-Family Lantana

20 3550 S Ocean Blvd Multi-Family Palm Beach

21 3333 Central Gardens Cir Central Gardens Grand Multi-Family Palm Beach Gardens

22 13805 Emerson St Catalina at Alton Multi-Family Palm Beach Gardens

23 3105 Gardens East Dr Multi-Family Palm Beach Gardens

24 11400 Jog Rd Mirasol - Bldg D Office Palm Beach Gardens

25 3874 Kyoto Gardens Dr North Tower Office Palm Beach Gardens

26 3874 Kyoto Gardens Dr South Tower Office Palm Beach Gardens

27 5700 PGA Blvd BallenIsles - East Office Palm Beach Gardens

28 3650 Rca Blvd Arcadia Gardens Multi-Family Palm Beach Gardens

29 10345 Acme Rd Town Southern Multi-Family Wellington

30 3377 State Road 7 Offices at Wellington Parc Office Wellington

31 200 2nd St Former City Hall Site Development Mixed-Use/Multifamily West Palm Beach

32 2101 N Australia Ave Village at Mangonia Lake Multi-Family West Palm Beach

33 1624 Douglass Ave Royal Palm Place Multi-Family West Palm Beach

34 427 Evernia St Broadstone City Center Multi-Family West Palm Beach

35 501 Evernia St Park Line West Palm Multi-Family West Palm Beach

36 1101 S Flagler Dr The Bristol Condo West Palm Beach

37 1301 Mercer Ave Stor-All Storage Specialty West Palm Beach

38 2911 S Military Trl Specialty West Palm Beach

39 2901 Okeechobee Blvd General Retail West Palm Beach

40 1281 S Stacy St The Residences at Haverhill Multi-Family West Palm Beach

41 1620 N Congress Ave Specialty West Palm Beach

42 Jog Rd Building 5 Industrial West Palm Beach

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For more information please contact:

J.D. BrusselsSenior Analyst+1 954 377 [email protected]

Cushman & Wakefield of Florida, Inc.225 NE Mizner Boulevard, Suite 300Boca Raton, Florida 33432

cushwakesouthfl.com

@CushWakeSouthFL

©2018 Cushman & Wakefield. The material in this presentation has been prepared solely for information purposes, and is strictly confidential. Any disclosure, use, copying or circulation of this presentation (or the information contained within it) is strictly prohibited, unless you have obtained Cushman & Wakefield’s prior written consent. The views expressed in this presentation are the views of the author and do not necessarily reflect the views of Cushman & Wakefield. Neither this presentation nor any part of it shall form the basis of, or be relied upon in connection with any offer, or act as an inducement to enter into any contract or commitment whatsoever. NO REPRESENTATION OR WARRANTY IS GIVEN, EXPRESS OR IMPLIED, AS TO THE ACCURACY OF THE INFORMATION CONTAINED WITHIN THIS PRESENTATION, AND CUSHMAN & WAKEFIELD IS UNDER NO OBLIGATION TO SUBSEQUENTLY CORRECT IT IN THE EVENT OF ERRORS.

Chris OwenDirector, Florida Research+1 407 541 4417 [email protected]

SOURCES: Cushman & Wakefield Research, U.S. Bureau of Labor Statistics, Moody’s, Port of Palm Beach, All Aboard Florida. Palm Beach County Business Development Board. Walkscore.com. census.gov

MODIFIED: January 17, 2019 12:34 pm