St. Lucie Small-Unit Industrial: An 814-SF Condo at $212 a Foot and New Bays Asking $19.50 NNN

The St. Lucie industrial story is usually told in millions of square feet, but the transactions that matter to most local businesses are far smaller: an 814-SF flex warehouse condo at 1459 SE Village Green Drive in Port St. Lucie closed for $172,500 on September 21, roughly $212 per square foot. Across town, new bays at 2095 Commerce Lakes Drive are being marketed from 1,245 SF at $19.50 per square foot NNN. Together they frame the decision most contractors, service companies and small distributors in the county actually face: buy a small unit, or lease a new one.

The two data points

The Village Green sale, in the Commerce 1 Center complex, was reported by the buyer’s broker rather than pulled from deed records, so treat the price as broker-reported until the county posts the transfer. The unit is the kind of space that suits office, storage or light industrial use, and the announcement does not say whether the buyer will occupy it or hold it as an investment.

The Commerce Lakes listing is Unit Three of Go Team Industrial Park: two 11,827-SF buildings totaling 23,654 SF, split into small bays with a 14-foot roll-up door, a private office and a private restroom in each, three-phase power, 18 separate water and electric meters and 61 parking spaces, on CS Service zoning. Delivery was advertised for September 2026. That is an asking rate and a marketing schedule, not a completed lease-up, and any prospective tenant should confirm the certificate of occupancy and current availability before planning a move.

Why small units deserve their own analysis

Regional vacancy figures for the Treasure Coast run near 12% on Colliers’ second-quarter numbers, driven by large new buildings in Southern Grove and along I-95. Almost none of that space is relevant to a business that needs 1,000 to 3,000 square feet. Small bays and warehouse condos trade in their own market, with their own pricing, and that market has stayed tight because very little of it gets built.

At $212 a foot, an 814-SF unit is a purchase most small businesses can finance with an SBA loan and a modest down payment, and the monthly cost often lands close to what a new bay would rent for once association dues, taxes and insurance are added on both sides. The right answer depends on how long the business expects to stay, how much it values control over the space, and whether it has the capital for a down payment or needs it for equipment and staff.

What this means for you

If you run a service business, a trade or a small distribution operation in St. Lucie County, put both options on the same page: total monthly cost of ownership including association fees, financing and improvements, against total monthly cost of a new NNN lease including operating expense pass-throughs. Then weigh flexibility against equity. Neither answer is automatically right, but deciding without the comparison usually is wrong.

If you own small industrial units or a multi-bay building in the county, this is a strong environment to lease vacancies quickly or to sell, and the Village Green price is a useful marker for what small, functional space commands.

AXCESS Commercial builds these buy-versus-lease comparisons for owner-users, leases and lists small-bay buildings for their owners, and manages multi-tenant industrial properties across the Treasure Coast.

Talk to our team about buying, leasing, listing or managing small-bay space in St. Lucie →