Commercial Real Estate Market in Alabaster, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
111 active listings and 945 off-market properties in Alabaster, AL. Commercial property asks $841/SF to buy and $20.05/SF/Yr to lease.
Market Trends
Alabaster, AL spans 49.6 square miles in Shelby County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Alabaster, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Alabaster, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Alabaster, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
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
Single Family District
Agriculture District
Planned Single Family Residential District
Light Industrial District
Single Family Estate 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.
Single Family District (R-3)
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.
35,839
Population
13,420
Households
2.7
Avg Household Size
38
Median Age
40%
College-Educated
93%
High-School Grad
49.6 sq mi
ZIP Area
722
Density / Sq Mi
$88,966
Median Household Income
$47,698
Median Earnings
$1,286
Median Rent
$242,059
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saginaw | — | — |
| Helena | — | — |
| Pelham | — | — |
| Indian Springs | — | — |
Commercial property in Alabaster, AL asks $841/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Alabaster?
Commercial property in Alabaster, AL asks an average of $841 per square foot. The 6 most recent recorded sales traded at a median of $345/SF, so asking sits 144% above the achieved median.
How much does it cost to lease commercial space in Alabaster?
Asking lease rates in Alabaster, AL average $20.05 per square foot per year.
What zoning applies to commercial property in Alabaster?
Alabaster, AL zones 15,431 acres across 26 districts, of which 15.8% is commercial and 9.9% industrial. The largest single district is Single Family District at 27.2% of zoned land. 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… Residential zoning covers 71.6% and open space 0%.
Where does Realmo's Alabaster market data come from?
Realmo compiles Alabaster, AL figures from 7 recent recorded sales, 98 active sale listings, 13 active lease listings, 945 tracked off-market properties, the current Alabaster zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 98 active for-sale and 13 active for-lease listings in Alabaster, AL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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 August 2026 · report a data issue
