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72 Commercial Real Estate Listings in Palm Bay, FL

Palm Bay, FL Commercial Real Estate

There are currently 72 commercial listings available in Palm Bay, FL. These listings include 43 commercial spaces that encompass a total of 156,484 square feet. Available commercial spaces in Palm Bay, FL range in size from 0 square feet to 50,000 square feet. A total of 37 off-market commercial properties located in Palm Bay, FL are also available for research.

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Palm Bay, FL Commercial Inventory Breakdown

In 2022 the Palm Bay, FL commercial real estate market totaled 706,720 square feet of office spaces, 1,888,205 square feet of office spaces with retail, and 1,830,756 square feet of industrial space.

Office Spaces

Total: 706,720 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 242,720 SqFt 34.34% of total office
100k to 500k SqFt 464,000 SqFt 65.66% of total office
By class:
Class A 514,000 SqFt 72.73% of total office
Class B 137,720 SqFt 19.49% of total office
Class C 55,000 SqFt 7.78% of total office


Class A office space holds a 72.73% share of the overall Palm Bay, FL office market, while Class B office assets make up approximately 19.49%.

Industrial

Total: 1,830,756 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 424,913 SqFt 23.21% of total industrial
100k to 500k SqFt 845,586 SqFt 46.19% of total industrial
500k to 1M SqFt 560,257 SqFt 30.6% of total industrial
By class:
Class A 785,972 SqFt 42.93% of total industrial
Class B 1,044,784 SqFt 57.07% of total industrial
There are 845,586 square feet of commercial real estate properties between 100k to 500k square feet, representing 46.19% of the Palm Bay, FL industrial inventory.

Office Spaces with Retail

Total: 1,888,205 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 493,392 SqFt 26.13% of total office with retail
100k to 500k SqFt 1,394,813 SqFt 73.87% of total office with retail

Palm Bay, FL Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Palm Bay, FL Office 7 96,415
Palm Bay, FL Retail 12 60,061
Palm Bay, FL Other 35 156,484
Ofice Icon

7

Office

Retail Icon

12

Retail

Current local active listing encompass 312,960 square feet of commercial space for lease in Palm Bay. There are 7 active office listings, which amount to 96,415 square feet and account for 12% of commercial spaces on the market. Local retail availability includes 60,061 square feet across 12 listings.

Employment in Palm Bay, FL

Employed Population 49,755

Employed population - Industry % Distribution

Management, business, science, and arts occupations

33%

Service occupations

25%

Sales and office occupations

20%

Production, transportation, and material moving occupations

15%

Natural resources, construction, and maintenance occupations

8%

In 2020, roughly 33% of a total of 49,755 employed in Palm Bay worked in Management, business, science, and arts occupations, followed by 25% in Service occupations and 20% in Sales and office occupations.

Income per capita $25,066  Median household income $54,113

Household income

44%

Under $50k

40%

$50k - $100k

14%

$100k - $200k

2%

Over $200k

The median household income in Palm Bay stands at $54,113, with per capita income at $25,066. Households earning between $50k and $100k represent 40% of the total, while those earning over $200k make up 2%. Approximately 44% of Palm Bay households earn less than $50k per year.

Education in Palm Bay, FL

High school grad or higher 91%

Bachelor's degree or higher 20%

Population by minimum level of education

9%

No degree

35%

High school

36%

Some College

13%

Bachelor's

7%

Post-grad

*Universe: Workers 25 and over

An estimated 91% of Palm Bay residents aged 25 or over hold a high school degree or higher. Of those, 35% are high school graduates, 36% attended some college, 13% earned a bachelor's degree, with an additional 7% holding post-graduate degrees.

Palm Bay, FL Demographics

As of 2020, Palm Bay had a total population of 115,560, with a median age of 43.30 years. Roughly 61.80% of the total population was between the ages of 16 and 64 years old.