Commercial Real Estate Market in Palm Springs, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
241 active listings and 2,391 off-market properties in Palm Springs, CA. Commercial property asks $394/SF to buy and $26.11/SF/Yr to lease.
Market Trends
Palm Springs, CA spans 86.0 square miles in Riverside County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Palm Springs, 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 Springs, 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 Springs, 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 Springs, 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 Springs, CA has 45,847 residents in 37,458 households. Density runs 533 people per square mile. Median household income here is $72,501 and median gross rent $1,488 a month.
45,847
Population
37,458
Households
1.2
Avg Household Size
57
Median Age
44%
College-Educated
93%
High-School Grad
86 sq mi
ZIP Area
533
Density / Sq Mi
$72,501
Median Household Income
$44,543
Median Earnings
$1,488
Median Rent
$557,596
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Desert Hot Springs | — | — |
| Cathedral City | — | $14.83 |
Commercial property in Palm Springs, CA asks $394/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palm Springs?
Commercial property in Palm Springs, CA asks an average of $394 per square foot. The 7 most recent recorded sales traded at a median of $340/SF, so asking sits 16% above the achieved median. Office carries the highest asking price at $344/SF.
How much does it cost to lease commercial space in Palm Springs?
Asking lease rates in Palm Springs, CA average $26.11 per square foot per year.
Where does Realmo's Palm Springs market data come from?
Realmo compiles Palm Springs, CA figures from 8 recent recorded sales, 170 active sale listings, 71 active lease listings, 2,391 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 170 active for-sale and 71 active for-lease listings in Palm Springs, 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
