Login

Gucci store sells for record Palm Beach price as wealth pours into area

South Florida has a rapidly growing population of ultrawealthy consumers
A prime retail property was sold along Worth Avenue's vaunted 200 block in Palm Beach, Florida. (Adirondack Capital Partners)
A prime retail property was sold along Worth Avenue's vaunted 200 block in Palm Beach, Florida. (Adirondack Capital Partners)

Here's the latest sign of the wealth pouring into South Florida: A prime shopping center including a Gucci store along Palm Beach's ritzy Worth Avenue sold for $43 million, more than double what it sold for just five years ago.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


News | Gucci store sells for record Palm Beach price as wealth pours into area