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Palm Springs Office Space for Sale
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Office Space For Sale in Palm Springs
Palm Springs is a desert resort city in Riverside County, California. It is known for its large land area, significant reservation land, and cultural history, making it an attractive location for businesses. The city is well-connected, with the Palm Springs International Airport and several highways. The local education system, including top-rated elementary schools and nearby colleges, provides a pool of educated workers. The surrounding mountains and hot desert climate make Palm Springs a desirable destination throughout the year.
The office space listings in Palm Springs are in a strategic location that benefits from the local arts and culture, as well as seasonal population growth. The city is known for its mid-century modern architecture and strong tourism industry. Office spaces are well-placed to take advantage of local amenities and services. In addition to office spaces, Palm Springs offers a range of commercial real estate, such as apartment buildings for seasonal and permanent residents, shopping centers with established businesses, and hotels that serve as a key part of the hospitality industry. These properties show the diverse opportunities available in Palm Springs for business and investment.
Learn About Office Space For Sale in Palm Springs
Why is Palm Springs an ideal location for office space?
Palm Springs is an ideal location for office space due to its substantial year-round population, complemented by a seasonal influx, and a robust arts, culture, and recreational scene that supports a diverse professional environment.
How many office space listings are available for sale in Palm Springs?
Currently, there are 11 office space listings available for sale in Palm Springs.
What is the largest office space available to buy in Palm Springs?
The largest office space listing available for purchase in Palm Springs spans 86,180 SF.
What factors should I consider when searching for office space for sale in Palm Springs?
When evaluating office space for sale in Palm Springs, consider these key factors:
- Local market dynamics, including the average price per square foot, which is currently $290, and the average size of office space listings, which is 17,107 SF.
- Accessibility and transportation options for potential clients and employees, such as proximity to Palm Springs International Airport and major highways like SR 111 and I-10.
- The surrounding amenities and community infrastructure, bearing in mind Palm Springs' reputation for its vibrant arts scene, cultural events, and recreational activities that may appeal to your business operations and employee satisfaction.
How much does it cost to buy office space in Palm Springs?
- The average price per square foot for office space in Palm Springs is $290.
- Office spaces for sale typically have an average size of 17,107 SF.
Office Space in Palm Springs - Size Summary
| Office Space Size | Square Feet |
|---|---|
| Maximum | 86,180 SF |
| Average | 17,107 SF |
| Minimum | 1,059 SF |
Office Space in Palm Springs - Cap Rate Data
| Office Space Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 6.1% |
| Average | 5.79% |
| Minimum | 5.36% |
Office Space in Palm Springs - Overall Summary
| Office Space Metric | Summary Value |
|---|---|
| Avg Size | 17,107 SF |
| Avg Price Per Square Foot | $290 |
| Avg Cap Rate | 5.79% |
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