How much does commercial real estate cost in Melbourne, Florida?

Costs vary by property type. Office space leases for $14 to $28 per square foot per year. Retail space runs $14 to $30 per square foot NNN. Industrial and warehouse space leases for $8 to $16 per square foot NNN. Commercial land ranges from $3 to $40 per square foot depending on zoning and entitlement status.

Do I need a commercial broker in Brevard County?

You are not legally required to use a broker, but tenant representation is free to you. The landlord pays the commission whether you have representation or not. A commercial broker provides market data, off-market access, and negotiates terms that most tenants would not know to request.

What is a NNN lease in commercial real estate?

A NNN (triple net) lease requires you to pay base rent plus three additional expenses: property taxes, building insurance, and common area maintenance (CAM). This is the standard lease structure for retail and industrial properties in Brevard County. NNN charges typically add $3 to $10 per square foot.

What is a 1031 exchange in Florida?

A 1031 exchange lets you defer capital gains taxes by selling one investment property and purchasing another like-kind property. You have 45 days to identify replacement properties and 180 days to complete the purchase. Florida has no state income tax, making 1031 exchanges here particularly advantageous.

What areas does Reach Commercial Real Estate serve?

Reach Commercial serves all of Brevard County including Melbourne, West Melbourne, Palm Bay, Viera, Suntree, Rockledge, Cocoa, Titusville, Merritt Island, Cocoa Beach, Cape Canaveral, and surrounding communities on Florida's Space Coast.

SpaceX July 4 Starlink Launch: What 12 Million Subscribers Means for Brevard CRE

Cassandra Hartford
Jul 5
3 min read

SpaceX launched a Falcon 9 rocket carrying 29 Starlink satellites from Cape Canaveral Space Force Station on July 4, 2026. The first-stage booster completed its 13th mission before landing on the drone ship A Shortfall of Gravitas in the Atlantic. According to Florida Today, Starlink now has over 12 million subscribers globally.

That 12 million number is not a press release talking point. It is a demand curve. Every subscriber requires hardware. Every piece of hardware requires manufacturing, assembly, testing, and shipping. That supply chain runs through Brevard County.

What SpaceX Starlink Growth Means for Brevard Industrial Space

SpaceX operates out of multiple facilities in Brevard, including launch operations at Cape Canaveral and manufacturing support in the broader Space Coast corridor. Per Florida Today, this was the booster's 13th flight. That reuse cadence means launch infrastructure is not the bottleneck. Satellite production is.

Starlink satellite manufacturing happens primarily in Redmond, Washington. But the downstream logistics, testing support, and component suppliers touch Brevard. In deals I have worked in Brevard, aerospace subcontractors consistently cite proximity to launch facilities as their primary site selection driver. Not labor costs. Not incentives. Proximity.

Twelve million subscribers at roughly $120 per month is $1.44 billion in monthly recurring revenue. That funds expansion. Expansion requires space. Not office space. Industrial space with high power, loading docks, and security clearances.

The RCRE Take

Here is what most people miss about SpaceX launches. The rocket is the visible part. The invisible part is the supply chain. Every Falcon 9 flight validates a production schedule. Every production schedule creates demand for component manufacturing. Every component manufacturer needs a facility within a reasonable drive of their customer.

Brevard County's industrial vacancy rate has hovered in the low single digits for two years. We have seen this play out in Titusville and Cape Canaveral especially. Aerospace-adjacent tenants are not price sensitive. They are timeline sensitive. They will pay premium rents to secure space near their customers. That dynamic is not going away as long as SpaceX maintains this launch tempo.

For industrial owners in north Brevard, this is not the time to sit on vacant square footage. For buyers looking at industrial assets near Kennedy Space Center, the cap rate compression you have seen is supply-driven. Demand is not softening. Supply is not catching up.

Submarket Context: North Brevard Industrial Demand

Titusville and the Exploration Park corridor remain the primary targets for aerospace tenants seeking proximity to KSC and Cape Canaveral. The Kennedy Space Center Astronaut Training Facility announcement earlier this year put 66 acres into play for aerospace development. That project signals where institutional capital sees the growth.

Available industrial listings in the Space Coast corridor can be viewed at spacecoastcre.com/commercial-investments. Most aerospace-grade industrial gets absorbed before it hits the open market. If you own industrial in north Brevard and have not had a valuation conversation in the past 12 months, you are likely undervaluing your asset.

If you are buying, selling, or leasing industrial property in Titusville, Cape Canaveral, or the KSC corridor, call before you sign anything. Reach Commercial Real Estate at 321-514-0876. We know this market because we work it every day.

Frequently Asked Questions

How does SpaceX launch activity affect Brevard County industrial rents?

SpaceX's sustained launch tempo creates demand for aerospace subcontractor facilities within proximity to Cape Canaveral. Industrial rents in north Brevard have increased 15 to 20 percent over the past two years in aerospace-adjacent corridors. Tenants prioritize timeline over price when launch schedules are involved.

Where do aerospace suppliers locate near Kennedy Space Center?

Most aerospace suppliers target Titusville, Exploration Park, and the Cape Canaveral corridor. These areas offer the shortest drive times to KSC and Space Force Station facilities. Available industrial with high power and secure access is the primary constraint.

What industrial property features do aerospace tenants require?

Aerospace tenants typically require 3-phase power at 400 amps or higher, 24-foot clear heights, dock-high loading, and secure perimeter fencing. Some require ITAR compliance capabilities. These specifications limit available inventory significantly.

Is SpaceX launch frequency sustainable for industrial demand?

SpaceX completed over 90 launches in 2025 and maintains a similar pace in 2026. Starlink's 12 million subscriber base generates recurring revenue exceeding $1.4 billion monthly. That revenue funds continued expansion. The demand signal for supporting industrial space remains strong.