Most listings are in the $40's per square foot per year. The Palms submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $41 per sqft per year.
In the last 90 days, 9 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 67% of the listings in the Palms are subleases, so you might be able to find a shorter term or below market rent. 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 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this market 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 residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.