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Breaking ground in December, the Silver Beach Industrial Park project will total 380,000 square feet in four buildings. The 24.2-acre property is located at just east of Congress Avenue and a short distance from the Port of Palm Beach.

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The price equated to $149 per square foot for the 105,183-square-foot warehouse located at 11711 W. Sample Road.

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At the start of Q3, many companies were taking a wait-and-see approach, and leasing was soft. But despite that, about 26 million square feet of space was leased in the quarter, on par with the quarterly pace of demand from 2018 and 2019.