Commercial Real Estate Market in Alabaster, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
31 active listings and 942 off-market properties in Alabaster, AL. Commercial property asks $150/SF to buy (based on 5 listings) and $17.50/SF/Yr to lease (based on 4 listings).
Market Trends
Alabaster, AL spans 49.6 square miles in Shelby County, Alabama. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Alabaster, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Alabaster, AL has a median asking sale price of $156/SF (based on 3 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Alabaster, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Alabaster, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 71.6%
- Commercial 15.8%
- Industrial 9.9%
- Mixed use 1.2%
- Planned_development 0%
Largest Zones share of zoned land by district
Alabaster, AL zones 15,431 acres across 26 districts. Commercial zoning covers 15.8% of zoned land, residential 71.6% and industrial 9.9%. The largest single district is Single Family District at 27.2%. For commercial buyers the practical constraint is that only 25.7% of land carries a commercial or industrial designation.
Sec. 111-70. - R-3 Single-Family Residential District. (a) Intent. The intent of the R-3 Single-Family Residential District is to provide medium density single-family housing free from other uses which are not compatible with medium density residential use. (b) Permitted uses. Permitted uses in the R-3 Single-Family Residential District include the following…
Market overview
Demographics & Economy
Alabaster, AL has 35,839 residents in 13,420 households. Density runs 722 people per square mile. Median household income here is $88,966 and median gross rent $1,286 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Alabaster?
How much does it cost to lease commercial space in Alabaster?
What zoning applies to commercial property in Alabaster?
Where does Realmo's Alabaster market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 15 active for-lease listings in Alabaster, AL. The medians are based on 5 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 15,431 zoned acres across 26 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
