This document provides an analysis of real estate market trends in the Palm Beach metro area. It discusses slowing growth in the local economy due to the downturn in housing and construction. Office vacancy rates are rising with increased new supply, though rents continue growing. The condo conversion boom has reversed, weakening the apartment sector with higher vacancy. Several large retail, office, and industrial property sales were also noted. Overall the analysis finds the local market facing challenges but with positive long-term economic fundamentals.