Palm Bay Sublease

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Palm Bay

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,520
As of: August 18, 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 experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 40% increase in rent.

Palm Bay Listing Supply

In the last 90 days, 10 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 220% of the listings in the Palm Bay are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 area are close to 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

Palm Bay Submarkets