Commercial Real Estate Market in Fayette, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
28 active listings and 379 off-market properties in Fayette, AL. Commercial property asks $670/SF to buy and $12.22/SF/Yr to lease.
Market Trends
Fayette, AL spans 326.8 square miles in Fayette County, Alabama. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Fayette, 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 Fayette, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Fayette, 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 Fayette, 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 61.4%
- Industrial 19.4%
- Special 13.9%
- Commercial 5.3%
Largest Zones share of zoned land by district
Residential
Residential
Light Manufacturing
Flood Plain
Residential
Fayette, AL zones 5,461 acres across 11 districts. Commercial zoning covers 5.3% of zoned land, residential 61.4% and industrial 19.4%. The largest single district is Residential at 31.8%. For commercial buyers the practical constraint is that only 24.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Fayette, AL has 9,282 residents in 4,958 households. Density runs 28 people per square mile. Median household income here is $50,598 and median gross rent $624 a month.
9,282
Population
4,958
Households
1.9
Avg Household Size
45
Median Age
20%
College-Educated
86%
High-School Grad
326.8 sq mi
ZIP Area
28
Density / Sq Mi
$50,598
Median Household Income
$32,047
Median Earnings
$624
Median Rent
$123,500
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Fayette?
Commercial property in Fayette, AL asks an average of $670 per square foot.
How much does it cost to lease commercial space in Fayette?
Asking lease rates in Fayette, AL average $12.22 per square foot per year.
What zoning applies to commercial property in Fayette?
Fayette, AL zones 5,461 acres across 11 districts, of which 5.3% is commercial and 19.4% industrial. The largest single district is Residential at 31.8% of zoned land. Residential zoning covers 61.4% and open space 0%.
Where does Realmo's Fayette market data come from?
Realmo compiles Fayette, AL figures from 25 active sale listings, 3 active lease listings, 379 tracked off-market properties, the current Fayette zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 25 active for-sale and 3 active for-lease listings in Fayette, 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: 5,461 zoned acres across 11 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
