Commercial Real Estate Market in Palms, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4,721 active listings and 85,350 off-market properties in Palms, CA. Commercial property asks $407/SF to buy and $24.00/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Palms, CA asks $21.39/SF/Yr to lease; the median asking sale price is $507/SF. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Typical asking range for active listings in Palms, CA (the middle half): Lease $23.40–$36.73/SF/Yr (median $29.77/SF/Yr, 141 listings); Sale $312–$679/SF (median $507/SF, 57 listings).
Retail
Retail space in Palms, CA asks $26.88/SF/Yr to lease; the median asking sale price is $384/SF. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Typical asking range for active listings in Palms, CA (the middle half): Lease $24.00–$42.00/SF/Yr (median $30.96/SF/Yr, 121 listings); Sale $274–$622/SF (median $384/SF, 92 listings).
Industrial
Industrial space in Palms, CA has a median asking sale price of $308/SF. Vacancy runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Typical asking range for active listings in Palms, CA (the middle half): Lease $13.20–$20.57/SF/Yr (median $16.20/SF/Yr, 125 listings); Sale $199–$433/SF (median $308/SF, 66 listings).
Multifamily
Multifamily space in Palms, CA has a median asking sale price of $412/SF. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Typical asking range for active listings in Palms, CA (the middle half): Sale $312–$545/SF (median $412/SF, 947 listings).
Market overview
Tools
Lease vs Buy Breakeven
At $24.00/SF/Yr lease vs $407/SF buy → buying wins if held > 5.5 years.
At a 5.9% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Culver City | $707 | $35.40 |
| Beverly Hills | $594 | $57.00 |
| Marina del Rey | $721 | $46.20 |
Commercial property in Palms, CA asks $407/SF. The 3 bordering markets run from $594/SF in Beverly Hills to $721/SF in Marina del Rey, and the city sits below their $707/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Palms?
How much does it cost to lease commercial space in Palms?
Is it cheaper to lease or buy commercial space in Palms?
How does Palms compare to nearby markets on price?
Where does Realmo's Palms market data come from?
Methodology & data sources
- Asking prices and medians
- There are 2,969 active for-sale and 1,752 active for-lease listings in Palms, CA. The medians are based on 1,180 of the for-sale and 377 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 31 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
