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Class A Multi-Use Building
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500 South Palm Canyon Drive, Palm Springs, CA 92264

Upscale retail and office suites in downtown Palm Springs.

Space Size456 SF - 2,188 SF
Property Size27,750 SF
Days on Market160

Property Features for 500 South Palm Canyon Drive

General Information

Standard status Active
Size 456 SF - 2,188 SF
Class A
Property subtype Office
Lease Term NNN

Building Details

Building Size 27,750 SF
Year Built 1968

Spaces For Lease

at 500 South Palm Canyon Drive Contact us

201-203 $2.00/SF/Mo

Size
2,188 SF
Type
Office Building
Term
Negotiable
Contact us

206 $3/SF/Mo

Size
456 SF
Term
Negotiable
Contact us

207 $2.00/SF/Mo

Size
745 SF
Type
Office Building
Term
Negotiable
Contact us

210 $2.75/SF/Mo

Size
1,081 SF
Type
Office Building
Term
Negotiable
Contact us

301 $2.25/SF/Mo

Size
1,565 SF
Type
Office Building
Term
Negotiable
Contact us

309 $2.25/SF/Mo

Size
1,043 SF
Type
Office Building
Term
Negotiable
Contact us

319 $2.25/SF/Mo

Size
521 SF
Type
Office Building
Term
Negotiable
Contact us

321 $2.75/SF/Mo

Size
1,563 SF
Type
Office Building
Term
Negotiable
Contact us
Listing Agency: Coldwell Banker Commercial Lyle & Associates
Listed By: Rob Wenthold · License #CalDRE #01153834
Source: Cbclyle
Added: Mar 5 Changed: Aug 8 Last Checked: Aug 12 at 4:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Lyle & Associates

Investment Insights

Based on property information with market context.

Located at the intersection of S. Palm Canyon Drive, Ramon Road, and N. Indian Canyon Drive, The Five Hundred is a multi-story building in Downtown Palm Springs. The property offers retail and office suites on the first floor and luxury office suites on the second and third floors. There is on-site private parking with approximately 20 reserved underground garage-level spaces available for a fee. Major move-in incentives are available for qualified tenants, including base rent-free options followed by a low introductory base rental rate for a period of time thereafter on leases signed before 03/31/2026.

Key Highlights

  • Major move‑in incentives available for qualified tenants, including free base rent followed by a low introductory base rental rate (leases signed before 03/31/2026).
  • Located in a landmark, Class "A" multi‑use, multistory building in Downtown Palm Springs.
  • Offers trendy, upscale retail and office suites.

Property Analytics

Current Use

Desert Sotheby’s International ... Real Estate Agency Cioffi Architect Architect G TOURNAI Hair ... Hair Salon First American Title ... Title Company Pacific Sotheby’s International ... Real Estate Agency

Suggested Use

Top Pick Dental Office HVAC Service Parking Lot & Garage Grocery & Convenience Store Big Box & Wholesale Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,616
Businesses Nearby

Demographics for 92264, CA

19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value

Market

Lease Benchmarks for Palm Springs, CA

$21.23 /SF/Yr
Avg Asking Price
$15–$40.43 /SF/Yr
Price Range
3,650 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Upscale retail and office suites in downtown Palm Springs.
Where is this office units located?
The property is located at 500 South Palm Canyon Drive Palm Springs, CA.
What are key features of this property?
This property features: Major move‑in incentives available for qualified tenants, including free base rent followed by a low introductory base rental rate (leases signed before 03/31/2026).; Located in a landmark, Class "A" multi‑use, multistory building in Downtown Palm Springs.; Offers trendy, upscale retail and office suites.
More about this property
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