Commercial Real Estate Market in Palm City, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
58 active listings and 461 off-market properties in Palm City, FL. Commercial property asks $16/SF to buy and $16.50/SF/Yr to lease.
Market Trends
Palm City, FL spans 103.0 square miles in Martin County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Palm City, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Palm City, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Palm City, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Palm City, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Palm City, FL has 31,160 residents in 13,641 households. Density runs 302 people per square mile. Median household income here is $120,407 and median gross rent $1,958 a month.
31,160
Population
13,641
Households
2.3
Avg Household Size
51
Median Age
49%
College-Educated
97%
High-School Grad
103 sq mi
ZIP Area
302
Density / Sq Mi
$120,407
Median Household Income
$56,905
Median Earnings
$1,958
Median Rent
$558,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stuart | — | $32.75 |
| Jensen Beach | — | $24.60 |
| Hobe Sound | — | $44.84 |
| Port Saint Lucie | — | $22.10 |
Commercial property in Palm City, FL asks $16/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palm City?
Commercial property in Palm City, FL asks an average of $16 per square foot. The 8 most recent recorded sales traded at a median of $252/SF.
How much does it cost to lease commercial space in Palm City?
Asking lease rates in Palm City, FL average $16.50 per square foot per year.
Where does Realmo's Palm City market data come from?
Realmo compiles Palm City, FL figures from 8 recent recorded sales, 52 active sale listings, 6 active lease listings, 461 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 52 active for-sale and 6 active for-lease listings in Palm City, FL. 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 South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South 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
