Commercial Real Estate Market in Palm Desert, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
196 active listings and 3,196 off-market properties in Palm Desert, CA. Commercial property asks $108/SF to buy and $34.63/SF/Yr to lease.
Market Trends
Palm Desert, CA spans 60.5 square miles in Riverside County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Palm Desert, CA asks $344/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Palm Desert, CA asks $292/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Palm Desert, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Palm Desert, CA asks $139/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Palm Desert, CA has 62,801 residents in 46,836 households. Density runs 1,038 people per square mile. Median household income here is $84,273 and median gross rent $1,711 a month.
62,801
Population
46,836
Households
1.3
Avg Household Size
61
Median Age
42%
College-Educated
93%
High-School Grad
60.5 sq mi
ZIP Area
1,038
Density / Sq Mi
$84,273
Median Household Income
$49,555
Median Earnings
$1,711
Median Rent
$534,660
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Palm Desert?
Commercial property in Palm Desert, CA asks an average of $108 per square foot. The 6 most recent recorded sales traded at a median of $375/SF. Office carries the highest asking price at $344/SF.
How much does it cost to lease commercial space in Palm Desert?
Asking lease rates in Palm Desert, CA average $34.63 per square foot per year.
Where does Realmo's Palm Desert market data come from?
Realmo compiles Palm Desert, CA figures from 7 recent recorded sales, 116 active sale listings, 80 active lease listings, 3,196 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 116 active for-sale and 80 active for-lease listings in Palm Desert, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
