Palm Bay Retail

Palm Bay

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,660
As of: July 19, 2017

Palm Bay Rates

The typical asking rate per listing is in the $10's per square foot per year. The Palm Bay submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 9% decline in rent.

Palm Bay Listing Supply

In the last 90 days, 10 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 420% of the listings 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 1,540 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1986 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

Palm Bay Submarkets