Commercial Real Estate Market in Cullman, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
163 active listings and 1,573 off-market properties in Cullman, AL. Commercial property asks $347/SF to buy and $16.84/SF/Yr to lease.
Market Trends
Cullman, AL spans 266.9 square miles in Cullman County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cullman, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Cullman, AL asks $86/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Cullman, 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 Cullman, 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 45.6%
- Agricultural 22.5%
- Commercial 20%
- Industrial 11.9%
Largest Zones share of zoned land by district
Residential District
Agricultural 1
Business District
Residential District
Manufacturing District
Cullman, AL zones 12,918 acres across 16 districts. Commercial zoning covers 20% of zoned land, residential 45.6% and industrial 11.9%. The largest single district is Residential District at 26.7%. For commercial buyers the practical constraint is that only 31.9% of land carries a commercial or industrial designation.
Residential District (R-1)
Sec. 62-52. - R-1 Low Density Single-Family Residential District. Purpose. The purpose of the R-1 District is to protect existing and enable development of new single-family residential areas at low densities, including other uses customary to such neighborhoods. (Ord. No. 2020-16, § 4.02, 3-16-2020)
Market overview
Demographics & Economy
Cullman, AL has 47,351 residents in 21,517 households. Density runs 177 people per square mile. Median household income here is $64,302 and median gross rent $893 a month.
47,351
Population
21,517
Households
2.2
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
266.9 sq mi
ZIP Area
177
Density / Sq Mi
$64,302
Median Household Income
$37,364
Median Earnings
$893
Median Rent
$193,770
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Good Hope | — | — |
| South Vinemont | — | — |
| West Point | — | — |
| Dodge City | — | — |
Commercial property in Cullman, AL asks $347/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cullman?
Commercial property in Cullman, AL asks an average of $347 per square foot. Retail carries the highest asking price at $86/SF.
How much does it cost to lease commercial space in Cullman?
Asking lease rates in Cullman, AL average $16.84 per square foot per year.
What zoning applies to commercial property in Cullman?
Cullman, AL zones 12,918 acres across 16 districts, of which 20% is commercial and 11.9% industrial. The largest single district is Residential District at 26.7% of zoned land. Sec. 62-52. - R-1 Low Density Single-Family Residential District. Purpose. The purpose of the R-1 District is to protect existing and enable development of new single-family residential areas at low densities, including other uses customary to such neighborhoods. (Ord. No. 2020-16, § 4.02, 3-16-2020) Residential zoning covers 45.6% and open space 0%.
Where does Realmo's Cullman market data come from?
Realmo compiles Cullman, AL figures from 150 active sale listings, 13 active lease listings, 1,573 tracked off-market properties, the current Cullman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 150 active for-sale and 13 active for-lease listings in Cullman, 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: 12,918 zoned acres across 16 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
