Commercial Real Estate Market in Andalusia, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
49 active listings and 653 off-market properties in Andalusia, AL.
Market Trends
Andalusia, AL spans 481.3 square miles in Covington County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Andalusia, 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 Andalusia, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Andalusia, 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 Andalusia, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Andalusia, AL has 19,962 residents in 9,916 households. Density runs 41 people per square mile. Median household income here is $56,396 and median gross rent $711 a month.
19,962
Population
9,916
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
87%
High-School Grad
481.3 sq mi
ZIP Area
41
Density / Sq Mi
$56,396
Median Household Income
$37,006
Median Earnings
$711
Median Rent
$160,456
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Heath | — | — |
| River Falls | — | — |
| Libertyville | — | — |
| Carolina | — | — |
Commercial property in Andalusia, AL asks $491/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Andalusia?
Commercial property in Andalusia, AL asks an average of $491 per square foot. The 5 most recent recorded sales traded at a median of $69/SF, so asking sits 611% above the achieved median.
Where does Realmo's Andalusia market data come from?
Realmo compiles Andalusia, AL figures from 7 recent recorded sales, 48 active sale listings, 1 active lease listings, 653 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 48 active for-sale and 1 active for-lease listings in Andalusia, 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.
- 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
