Palm Springs Sublease

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Palm Springs

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$238
Median Size (sqft)
8,450
As of: July 23, 2017

Palm Springs Rates

The typical asking rate per listing is in the $230's per square foot per year. The Palm Springs submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $238 per sqft per year.

Compared to the rest of the Gold Coast market, the Palm Springs region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Palm Springs Listing Supply

In the last 90 days, 2 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 250% of the listings in the Palm Springs 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 available, so finding a space for a small business might be tough.

Even though the median size is 8,450 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this market were built in 1996 and are Class B.

Palm Springs Community

Market Report

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

Market Data

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