The Survey Says . . . Palm Beach County Businesses Bullish on Growth

Mar 7, 2024
1 min read

The Palm Beach County Executive Survey, conducted by The Business Development Board in partnership with Kaufman Rossin, gathered responses from over 10,000 Palm Beach business owners and decision-makers, resulting in 544 usable responses. Key findings include:

Commercial real estate demand remains solid, with 65% planning to maintain their current needs and 29% expecting an increase.
Businesses plan to invest in hiring, salaries, benefits, and training, with housing affordability and talent access being concerns.
Optimism prevails, with 63% predicting their business health will improve next year.
Over 80% report their business health is the same or better than a year ago.
Top investment areas include salaries, recruitment, benefits, and training.
More than half intend to increase staff, focusing on professionals, sales, and marketing.
Most businesses expect their real estate needs to remain the same.
A significant portion of staff (68%) are fully onsite, with a minor expected shift in hybrid employees.
Key factors liked about Palm Beach County include growth and economic opportunities, community collaboration, and quality of life.
This survey provides valuable insights into the sentiments and intentions of Palm Beach County business leaders.