Pelican Bay Office Space

Pelican Bay

Market Report

Number of Listings
Posted in the last 90 days
7
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
3,130

Pelican Bay Rates

Most listings are in the $30's per square foot per year. The Pelican Bay submarket is going through a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 19% decrease in rent.

Pelican Bay Listing Supply

In the last 90 days, 23 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 30% of the listings in the Pelican Bay are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,130 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 7 floors. Most buildings in this area were built in 1990 and are Class A.

Pelican Bay Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Pelican Bay folk. Commuting more than an hour and a half 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 Pelican Bay.
Research