Commercial Real Estate Market in Foley, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
371 active listings and 1,602 off-market properties in Foley, AL. Commercial property asks $9/SF to buy and $13.88/SF/Yr to lease.
Market Trends
Foley, AL spans 92.5 square miles in Baldwin County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Foley, 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 Foley, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Foley, 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 space in Foley, AL asks $282/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Planned_development 25.1%
- Residential 24.7%
- Commercial 20.7%
- Agricultural 18.2%
- Industrial 3.3%
- Open space 0.1%
Largest Zones share of zoned land by district
Planned Unit Development
Open Space Agricultural Use
Extended Business
Light Industry
Single Family Residential
Market overview
Demographics & Economy
Foley, AL has 35,484 residents in 18,755 households. Density runs 383 people per square mile. Median household income here is $67,013 and median gross rent $1,168 a month.
35,484
Population
18,755
Households
1.9
Avg Household Size
46
Median Age
26%
College-Educated
90%
High-School Grad
92.5 sq mi
ZIP Area
383
Density / Sq Mi
$67,013
Median Household Income
$41,574
Median Earnings
$1,168
Median Rent
$250,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Magnolia Springs | — | — |
| Elberta | — | — |
| Summerdale | — | — |
| Bon Secour | — | — |
Commercial property in Foley, AL asks $9/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Foley?
Commercial property in Foley, AL asks an average of $9 per square foot. The 5 most recent recorded sales traded at a median of $240/SF. Multifamily carries the highest asking price at $282/SF.
How much does it cost to lease commercial space in Foley?
Asking lease rates in Foley, AL average $13.88 per square foot per year.
Where does Realmo's Foley market data come from?
Realmo compiles Foley, AL figures from 6 recent recorded sales, 347 active sale listings, 24 active lease listings, 1,602 tracked off-market properties, the current Foley zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 347 active for-sale and 24 active for-lease listings in Foley, 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: 21,124 zoned acres across 23 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
