Palm Springs, CA
Commercial Real Estate Market Trends & Data

$283 per SF Avg asking sale price
$23 per SF Avg asking lease rate
24,998 SF Avg unit lease size
83,371 SF Avg building size for sale
6.07% Average cap rate

Palm Springs's Demographic Profile

Palm Springs has 35,943 households and a median income of $69,911, providing context for rent absorption and tenant demand across retail and multifamily assets. A +13% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 67,335
# Households 35,943
Median age 58
Median household income $69,911
Avg household size 2.0
Renter-occupied housing units 13,500
5-year population change +13%

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↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Palm Springs $272 18,384 SF 7.23%
Cathedral City $252 16,665 SF 7.23%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Palm Springs $196 147,217 SF 7.23%
Cathedral City $234 19,367 SF 7.23%
Nearby Retail Markets Avg Cost/SF Typical Size
Palm Springs $317 51,673 SF
Cathedral City $368 54,560 SF
Rancho Mirage $449 17,403 SF
Pinyon Pines $292 5,784 SF
Mountain Center $292 5,784 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Palm Springs $303 7,307 SF 6.49%
Cathedral City $396 6,574 SF 6.31%
Rancho Mirage $255 9,490 SF 6.00%
Palm Desert $334 22,800 SF 9.00%
Desert Hot Springs $307 4,186 SF 6.20%

Commercial Properties For Sale in Palm Springs

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

7,729 SF Industrial Building Coachella Valley

Cathedral City, CA 92234

  • 7,729 SF Industrial Building
  • Auction Sale
For Sale

3535 N Anza Rd

Palm Springs, CA 92262

  • 23,000 SF Industrial Building
  • $3,657,000
For Sale

Southside of Garnet Avenue

Palm Springs, CA 92262

  • 3.49 AC Lot
  • 1 Commercial Lot
  • $599,000
For Sale

68599 E Palm Canyon Dr

Cathedral City, CA 92234

  • 0.24 AC Lot
  • 1 Commercial Lot
  • $2,000,000
For Sale

3737 E Calle De Carlos

Palm Springs, CA 92264

  • 3,800 SF Multifamily
  • $870,000
For Sale

Single Story 3BR/2BA Units

Cathedral City, CA 92234

  • 2,100 SF Multifamily
  • 6.31% Cap Rate
  • $716,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Exit Cap Rates in Commercial Real Estate
Exit Cap Rates in Commercial Real Estate
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Types of Retail Properties
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Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Sales Comparison Approach
Sales Comparison Approach
Learn how to use market data to make confident property investment decisions
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
Property Title Search
Property Title Search
Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Palm Springs pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Palm Springs $283 83,371 SF
Cathedral City $299 53,853 SF
Rancho Mirage $372 16,055 SF
Pinyon Pines $292 5,784 SF
Mountain Center $403 5,784 SF

Regional Demographic Comparison

This comparison places Palm Springs alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Palm Springs or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Palm Springs 67,335 35,943 58 $69,911 2 13,500 13%
Cathedral City 56,318 20,113 42 $61,469 3 7,327 7%
Rancho Mirage 27,618 13,994 66 $101,327 2 2,569 14%
Pinyon Pines 1,847 774 51 $79,849 2 138 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Palm Springs, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Palm Springs

View All Commercial Real Estate For Sale in Palm Springs
Is Palm Springs a good market for a first-time commercial real estate investor?

Palm Springs offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Palm Springs?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Palm Springs. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Palm Springs?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Palm Springs. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Palm Springs compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Palm Springs. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Palm Springs acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Palm Springs, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends