Commercial Real Estate Market in Centre, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
159 active listings and 434 off-market properties in Centre, AL. Commercial property asks $132/SF to buy and $8.00/SF/Yr to lease.
Market Trends
Centre, AL spans 146.6 square miles in Cherokee County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Centre, 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 Centre, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Centre, 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 Centre, 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
- Civic 66.4%
- Commercial 28.9%
- Industrial 2.7%
- Residential 2.1%
Largest Zones share of zoned land by district
Single Family Residential
Highway Commercial
Multifamily Residential
Single And Duplex Family Residential
Manufacturing
Single Family Residential (R-1)
SECTION 6 - R-1: SINGLE FAMILY RESIDENTIAL DISTRICT 6.1 District Intent. This zoning district is intended to preserve and protect the character of low density, high amenity, single-family residential areas, subdivisions, and neighborhoods. Suburban development in this area should be supported by municipal infrastructure and services. The R-1 district also al…
Market overview
Demographics & Economy
Centre, AL has 9,883 residents in 5,607 households. Density runs 67 people per square mile. Median household income here is $47,868 and median gross rent $741 a month.
9,883
Population
5,607
Households
1.8
Avg Household Size
48
Median Age
16%
College-Educated
82%
High-School Grad
146.6 sq mi
ZIP Area
67
Density / Sq Mi
$47,868
Median Household Income
$38,364
Median Earnings
$741
Median Rent
$176,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Leesburg | — | — |
| Cedar Bluff | — | — |
| Sand Rock | — | — |
| Gaylesville | — | — |
Commercial property in Centre, AL asks $132/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Centre?
Commercial property in Centre, AL asks an average of $132 per square foot. The 7 most recent recorded sales traded at a median of $84/SF, so asking sits 57% above the achieved median.
How much does it cost to lease commercial space in Centre?
Asking lease rates in Centre, AL average $8.00 per square foot per year.
Where does Realmo's Centre market data come from?
Realmo compiles Centre, AL figures from 7 recent recorded sales, 158 active sale listings, 1 active lease listings, 434 tracked off-market properties, the current Centre zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 158 active for-sale and 1 active for-lease listings in Centre, 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: 7,204 zoned acres across 8 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 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 August 2026 · report a data issue
