Palm Desert Sublease

Palm Desert

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,730
As of: September 27, 2016

Palm Desert Office & Commercial Space

Located in Riverside County, California, the city of Palm Desert features a residential population of approximately 50,000 inhabitants. Widely considered to be one of the fastest growing urban areas within the state of California during the 80s and 90s, Palm Desert has since gained a reputation for providing a warm, accommodating haven for residents of northern climates seeking a respite from the colder winter temperatures there. Thanks to a relatively affordable cost of living and healthy economy, Palm Desert has become a popular destination for both business owners and residents alike. Rental properties for lease here, including office space for rent and commercial space for rent, will likely prove to be a worthwhile investment for those eager to establish a business presence in relatively close proximity to California’s larger urban centers. The neighborhood zones located throughout Palm Desert and the region at large are home to a wide array of businesses and commercial operations.

Palm Desert Economic Overview

Median household income levels in Palm Desert are approximately $49,000, only slightly below state averages. Some of the more common industries in Palm Desert include retail trade, construction, accommodation and administrative support, among others. Residents of Palm Desert are commonly classified within a middle income demographic. Several large employers have existed within Palm Desert in recent years, including JW Marriott, Universal Protection Services and Guthy-Renker, among others. Due to the popularity of this community amongst travelers, tourism and hospitality remain significant industries here.

Palm Desert At A Glance

Palm Desert was originally known as the Old MacDonald Ranch before the name was changed in 1920 following the planting of data palms in the area. The first attempts to develop long-term residential establishments here occurred in the early 1940s as part of a US Army maintenance camp. In the second half of the 20th century, the area expanded significantly, with numerous residential and commercial establishments planned and developed here. Today, a number of celebrities call the area home, due in large part to its friendly atmosphere and abundance of commercial opportunities. Local attractions include the Living Desert Zoo and Gardens, as well as the Palm Desert Country Club.

Where to Lease in Palm Desert

The downtown region of Palm Desert is home to the majority of the city’s commercial establishments. Those hoping to engage with the abundance of would-be consumers here are advised to explore leasing options in this section of the city. That being said, leasing rates are likely to increase as one approaches the downtown neighborhoods.

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Palm Desert Submarkets