Commercial Real Estate Market in Gulf Shores, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
225 active listings and 1,046 off-market properties in Gulf Shores, AL. Commercial property asks $27/SF to buy and $17.25/SF/Yr to lease.
Market Trends
Gulf Shores, AL spans 52.3 square miles in Baldwin County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gulf Shores, 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 Gulf Shores, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Gulf Shores, 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 Gulf Shores, 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
Market overview
Demographics & Economy
Gulf Shores, AL has 16,993 residents in 18,579 households. Density runs 325 people per square mile. Median household income here is $74,861 and median gross rent $1,365 a month.
16,993
Population
18,579
Households
0.9
Avg Household Size
51
Median Age
38%
College-Educated
95%
High-School Grad
52.3 sq mi
ZIP Area
325
Density / Sq Mi
$74,861
Median Household Income
$35,580
Median Earnings
$1,365
Median Rent
$366,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bon Secour | — | — |
| Orange Beach | — | — |
| Foley | — | $13.88 |
| Magnolia Springs | — | — |
Commercial property in Gulf Shores, AL asks $27/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gulf Shores?
Commercial property in Gulf Shores, AL asks an average of $27 per square foot. The 5 most recent recorded sales traded at a median of $19/SF, so asking sits 43% above the achieved median. Multifamily carries the highest asking price at $282/SF.
How much does it cost to lease commercial space in Gulf Shores?
Asking lease rates in Gulf Shores, AL average $17.25 per square foot per year.
Where does Realmo's Gulf Shores market data come from?
Realmo compiles Gulf Shores, AL figures from 6 recent recorded sales, 214 active sale listings, 11 active lease listings, 1,046 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 214 active for-sale and 11 active for-lease listings in Gulf Shores, 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.
- 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
