Palmetto Bay Commercial Real Estate

Palmetto Bay

Market Report

Number of Listings
Posted in the last 90 days
12
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 experiencing a an increase in rates. In the last 3 months, the median rate went up $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 make a great offer to be in this hot region.

Palmetto Bay Listing Supply

In the last 90 days, 18 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Palmetto Bay are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, 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 around 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 market. Commute by car is the most popular way to get to work amongst Palmetto Bay residents. 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.
Research