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Palm Springs Commercial Real Estate for Sale
Commercial Real Estate For Sale in Palm Springs
Palm Springs is known for its mid-century modern architecture, which is reflected in the design of its commercial real estate. There are 86 listings showcasing the city's dedication to aesthetically pleasing yet functional business spaces. The infrastructure in Palm Springs is well-developed, with Palm Springs International Airport, extensive bus services, and key highways like SR 111 and I-10 supporting easy transportation. The presence of top-rated elementary schools and university campuses contributes to an educated workforce. The city's location in the Sonoran Desert, with mountains around, provides a calm and inspiring environment for businesses.
The commercial real estate in Palm Springs offers a balance between scenic desert views and connectivity, giving professionals access to local amenities and major transport routes. The industrial properties in Palm Springs support logistics and manufacturing, thanks to the city's transport links. Apartment buildings reflect Palm Springs' status as a desirable living area, which aligns with an economy supported by retirees and seasonal residents. The office space market serves a range of professionals, benefiting from the city's cultural and educational offerings. Hotels contribute significantly to the city's economy, reinforcing its position as a top tourist and conference destination. These different types of properties each play a role in strengthening Palm Springs' commercial sector.
Learn About Commercial Real Estate For Sale in Palm Springs
How much does it cost to buy commercial real estate in Palm Springs?
The price of purchasing commercial real estate in Palm Springs varies depending on various factors.
- The average price per square foot for commercial real estate in Palm Springs is $647.
- The average size of commercial real estate on the market is 59,719 SF.
How many commercial real estate listings are available for sale in Palm Springs?
Currently, there are 86 commercial real estate listings available for sale in Palm Springs.
What is the largest commercial real estate property available to buy in Palm Springs?
The largest commercial real estate listing available in Palm Springs spans 1,270,171 SF.
Why is Palm Springs an ideal location for commercial real estate?
Palm Springs is desirable for commercial real estate due to its substantial influx of visitors, a vibrant arts and cultural scene, and a well-connected transportation network, boosting potential consumer traffic.
What factors should I consider when searching for commercial real estate for sale in Palm Springs?
When evaluating commercial real estate listings in Palm Springs, consider these key factors:
- Local market trends, including the average price per square foot, which currently stands at $647, and the average cap rate, now at 5.45%.
- The type of commercial property that meets your business needs, given the diversity in options that include 86 listings ranging in size from an average of 59,719 SF to the largest at 1,270,171 SF.
- Accessibility and transportation infrastructure, ensuring that the property benefits from Palm Springs' connectivity through highways and transit services.
Commercial Real Estate in Palm Springs - Size Summary
| Commercial Real Estate Size | Square Feet |
|---|---|
| Maximum | 1,270,171 SF |
| Average | 59,719 SF |
| Minimum | 266 SF |
Commercial Real Estate in Palm Springs - Overall Summary
| Commercial Real Estate Metric | Summary Value |
|---|---|
| Avg Size | 59,719 SF |
| Avg Price Per Square Foot | $647 |
| Avg Cap Rate | 5.45% |
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