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138 Commercial Real Estate Listings in Palmdale, CA

Palmdale, CA Commercial Real Estate

There are currently 137 commercial listings available in Palmdale, CA. These listings include 83 commercial spaces that encompass a total of 3,507,199 square feet. Available commercial spaces in Palmdale, CA range in size from 575 square feet to 1,247,520 square feet. A total of 89 off-market commercial properties located in Palmdale, CA are also available for research.

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Palmdale, CA Economic Overview

Location Photo

Palmdale is a city in the center of northern Los Angeles County, often referred to as “one of Los Angeles County’s best-kept secrets.” Palmdale is separated from the City of Los Angeles by the San Gabriel Mountains and lies just 60 miles north of the City. Palmdale is an upper middle-class community, with a median household income of $54,921, and home to over 169,000 residents. The City was the first to incorporate in the Antelope Valley in 1962, and occupies an abundant land area of 104 square miles in the high desert, at an elevation of 2,600 feet. Over the past 25 years, Palmdale has consistently been ranked in the top 25 fastest growing cities in the U.S. The Los Angeles County Assessor’s office has also recently ranked Palmdale in the top 5 of the 88 cities in Los Angeles County—ahead of even Manhattan Beach. Palmdale commercial real estate is surrounded by a comfortable hometown feel, complimented by strong family orientation, excellent education system, and abundant business opportunities in a safe environment.

Palmdale’s main industry clusters are found in aerospace and defense, transportation and logistics, and healthcare. Aerospace has a prominent presence in Palmdale, which is often considered the “aerospace capital of the United States.” It’s been highly involved in the research, development, final assembly, flight testing and service modifications of the Space Shuttle, B-1 Lancer, X-15, and B-2 Spirit, among others that have been used in the U.S. Air Force, NASA, and worldwide airlines. USAF Plant 42, where most of its aerospace projects occur, is home to major operations of Boeing, Lockheed Martin, and Northrop Grumman. A number of world class corporations and manufacturing firms have made Palmdale home, helping to diversify the local economy. Advanced manufacturing has grown stronger in the area, due to the City’s more affordable land, proximity to Palmdale airport, and special tax breaks. Palmdale hosts the Antelope Valley Enterprise Zone and the Palmdale Federal Foreign Trade Zone, which are special zoning areas within the city, and businesses are given various state and federal tax breaks and municipal grant incentives to relocate to the area. Palmdale’s largest employers are Lockheed Martin, Northrop Brumman, and Antelope Valley Mall.

Palmdale, CA Commercial Inventory Breakdown

In 2022 the Palmdale, CA commercial real estate market totaled 553,070 square feet of office spaces, 4,908,402 square feet of office spaces with retail, and 917,504 square feet of industrial space.

Office Spaces

Total: 553,070 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 553,070 SqFt 100% of total office
By class:
Class A 58,343 SqFt 10.55% of total office
Class B 494,727 SqFt 89.45% of total office


Class A office space holds a 10.55% share of the overall Palmdale, CA office market, while Class B office assets make up approximately 89.45%.

Industrial

Total: 917,504 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 411,241 SqFt 44.82% of total industrial
100k to 500k SqFt 506,263 SqFt 55.18% of total industrial
By class:
Class A 486,627 SqFt 53.04% of total industrial
Class B 430,877 SqFt 46.96% of total industrial
There are 506,263 square feet of commercial real estate properties between 100k to 500k square feet, representing 55.18% of the Palmdale, CA industrial inventory.

Office Spaces with Retail

Total: 4,908,402 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 1,528,995 SqFt 31.15% of total office with retail
100k to 500k SqFt 3,379,407 SqFt 68.85% of total office with retail

Palmdale, CA Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Palmdale, CA Office 11 201,226
Palmdale, CA Retail 14 131,988
Palmdale, CA Industrial 7 3,173,985
Palmdale, CA Other 49 3,507,199
Ofice Icon

11

Office

Industrial Icon

7

Industrial

Retail Icon

14

Retail

Current local active listing encompass 7,014,398 square feet of commercial space for lease in Palmdale. There are 11 active office listings, which amount to 201,226 square feet and account for 13% of commercial spaces on the market. Local retail availability includes 131,988 square feet across 14 listings. Current industrial offerings on the market amount to 3,173,985 square feet across a total of 7.

Employment in Palmdale, CA

Employed Population 65,030

Employed population - Industry % Distribution

Management, business, science, and arts occupations

25%

Sales and office occupations

24%

Service occupations

22%

Production, transportation, and material moving occupations

15%

Natural resources, construction, and maintenance occupations

14%

In 2020, roughly 25% of a total of 65,030 employed in Palmdale worked in Management, business, science, and arts occupations, followed by 24% in Sales and office occupations and 22% in Service occupations.

Income per capita $22,962  Median household income $71,774

Household income

35%

Under $50k

35%

$50k - $100k

25%

$100k - $200k

5%

Over $200k

The median household income in Palmdale stands at $71,774, with per capita income at $22,962. Households earning between $50k and $100k represent 35% of the total, while those earning over $200k make up 5%. Approximately 35% of Palmdale households earn less than $50k per year.

Commuting in Palmdale, CA

Mean travel time to work 44 minutes

Means of transportation to work

81.50%

Driving alone

11.20%

Carpool

2.30%

Public transit

0.00%

Bicycle

0.50%

Walking

1.50%

Other

2.90%

Work at Home

*Universe: Workers 16 and over

Education in Palmdale, CA

High school grad or higher 76%

Bachelor's degree or higher 17%

Population by minimum level of education

24%

No degree

30%

High school

29%

Some College

13%

Bachelor's

4%

Post-grad

*Universe: Workers 25 and over

An estimated 76% of Palmdale residents aged 25 or over hold a high school degree or higher. Of those, 30% are high school graduates, 29% attended some college, 13% earned a bachelor's degree, with an additional 4% holding post-graduate degrees.

Palmdale, CA Demographics

As of 2020, Palmdale had a total population of 155,065, with a median age of 32.00 years. Roughly 66.70% of the total population was between the ages of 16 and 64 years old.