Palmetto Bay Commercial Real Estate For Lease

Palmetto Bay

Market Report

Number of Listings For Lease
Posted in the last 90 days
12
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
1,930

Palmetto Bay Commercial Real Estate

Find Palmetto Bay commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Palmetto Bay commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Palmetto Bay Rates

On average, commerial real estate listings lease in the $30's per square foot per year. The Palmetto Bay submarket is experiencing a a boost in rates. In the last 3 months, the median rate for lease increased $34 per sqft per year.

Compared to the rest of the Gold Coast commercial real estate market, the Palmetto Bay submarket has greater rates for rent, and you may have to negotiate above asking rent to be in this hot region.

Palmetto Bay Listing Supply

In the last 90 days, 18 commercial real estate listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available commercial real estate leases in the Palmetto Bay are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

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

Palmetto Bay Community

Market Data

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