On average, listings lease in the $60's per square foot per year. The Palms submarket is going through a a boost in rates. In the last 3 months, the median rate rose $27 per sqft per year. That's a 73% rise in rent.
In the last 90 days, 92 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available leases in the Palms 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.
Even though the median size is 5,700 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Palms occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Palms.
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