Commercial Real Estate Market in Palmdale, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
770 active listings and 3,074 off-market properties in Palmdale, CA. Commercial property asks $363/SF to buy and $19.09/SF/Yr to lease.
Market Trends
Palmdale, CA spans 456.8 square miles in Los Angeles County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Palmdale, CA asks $305/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 Palmdale, CA asks $510/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 Palmdale, 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 Palmdale, CA asks $330/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 31.3%
- Residential 28.7%
- Mixed use 3.1%
- Commercial 3.1%
- Open space 1.8%
- Civic 1.8%
Largest Zones share of zoned land by district
Light Industrial
Specific Plan Ritter Ranch
Single Family Residential 3
Aerospace Industrial
Single Family Residential 2
Light Industrial (LI)
This zone is intended to permit a variety of light industrial uses such as warehousing and distribution, sound stage/film production, storage, research and development, and the like
Market overview
Demographics & Economy
Palmdale, CA has 188,298 residents in 55,358 households. Density runs 412 people per square mile. Median household income here is $82,441 and median gross rent $1,837 a month.
188,298
Population
55,358
Households
3.4
Avg Household Size
34
Median Age
16%
College-Educated
77%
High-School Grad
456.8 sq mi
ZIP Area
412
Density / Sq Mi
$82,441
Median Household Income
$42,344
Median Earnings
$1,837
Median Rent
$434,240
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Palmdale?
Commercial property in Palmdale, CA asks an average of $363 per square foot. The 4 most recent recorded sales traded at a median of $561/SF. Retail carries the highest asking price at $510/SF.
How much does it cost to lease commercial space in Palmdale?
Asking lease rates in Palmdale, CA average $19.09 per square foot per year.
Where does Realmo's Palmdale market data come from?
Realmo compiles Palmdale, CA figures from 5 recent recorded sales, 716 active sale listings, 54 active lease listings, 3,074 tracked off-market properties, the current Palmdale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 716 active for-sale and 54 active for-lease listings in Palmdale, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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.
- Zoning and land use
- The current municipal zoning release: 68,025 zoned acres across 36 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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 · report a data issue
