Palm Bay Retail

Palm Bay

Office Space Market Report

Number of Listings (last 90 days)
301
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,520
As of: August 17, 2017

Palm Bay Rates

On average, listings lease in the $10's per square foot per year. The Palm Bay region is going through a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 40% rise in rent.

Palm Bay Listing Supply

In the last 90 days, 10 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 260% of the available space in the Palm Bay 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 1,520 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1984 and are Class A.

Palm Bay Community

Market Report

Trends and status of the commercial real estate market in Palm Bay.
Market Report

Market Data

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