South Florida commercial real estate transactions rose to $25 billion in 2021. That’s a 183% increase from the $8.8 billion in transactions across Miami-Dade, Broward, and Palm Beach counties recorded the year before.
Called Fabrick, the former Progresso Village industrial space at 801, 807, 815, and 819 N.E 2nd Ave. has 24,000 square feet of office and retail. The businesses will employ approximately 100 people but the final employee count for all tenants will not be known until the build outs are open.
Palm Beach County could apply an “essential housing” land use category to allow multifamily development on three properties in the Agricultural Reserve.. The land use change would permit more than 2,100 apartments to address the lack of workforce housing in the area.