Palmetto Bay Industrial

Palmetto Bay

Market Report

Number of Listings
Posted in the last 90 days
11
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
1,930

Palmetto Bay Rates

Most listings are in the $30's per square foot per year. The Palmetto Bay submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $34 per sqft per year.

Compared to the rest of the Gold Coast market, the Palmetto Bay submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Palmetto Bay Listing Supply

In the last 90 days, 18 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Palmetto Bay are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,930 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1981 and are Class B.

Palmetto Bay Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Palmetto Bay folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Palmetto Bay.
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