Commercial Real Estate Market in Florence, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
64 active listings and 1,456 off-market properties in Florence, AL. Commercial property asks $124/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Florence, AL spans 305.1 square miles in Lauderdale County, Alabama. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Florence, AL has a median asking sale price of $177/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Florence, AL has a median asking sale price of $124/SF (based on 7 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Florence, AL has a median asking sale price of $95/SF (based on 8 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Florence, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 55.8%
- Commercial 27.3%
- Industrial 9.2%
- Agricultural 6.8%
- Planned_development 0.3%
Largest Zones share of zoned land by district
Florence, AL zones 18,336 acres across 14 districts. Commercial zoning covers 27.3% of zoned land, residential 55.8% and industrial 9.2%. The largest single district is Single Family Residence Conventional Lots at 53.2%. For commercial buyers the practical constraint is that only 36.5% of land carries a commercial or industrial designation.
R-1 districts: single-family residence districts/conventional lots. These districts are composed mainly of areas containing single-family dwellings and open areas where such residential development seems likely to occur. The district regulations are designed to protect the residential character of the district by prohibiting all commercial activities and to…
Market overview
Demographics & Economy
Florence, AL has 65,123 residents in 31,359 households. Density runs 213 people per square mile. Median household income here is $55,822 and median gross rent $808 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Florence?
How much does it cost to lease commercial space in Florence?
What zoning applies to commercial property in Florence?
Where does Realmo's Florence market data come from?
Methodology & data sources
- Asking prices and medians
- There are 38 active for-sale and 26 active for-lease listings in Florence, AL. The medians are based on 29 of the for-sale and 16 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 18,336 zoned acres across 14 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
