Commercial Real Estate Market in Gulf Shores, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
77 active listings and 1,046 off-market properties in Gulf Shores, AL. Commercial property asks $379/SF to buy and $26.24/SF/Yr to lease (based on 4 listings).
Market Trends
Gulf Shores, AL spans 52.3 square miles in Baldwin County, Alabama. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Gulf Shores, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Gulf Shores, AL has a median asking sale price of $437/SF (based on 5 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily space in Gulf Shores, AL has a median asking sale price of $392/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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.
Tools
Nearby Markets
Commercial property in Gulf Shores, AL asks $379/SF. The 2 bordering markets run from $169/SF in Foley to $509/SF in Elberta, and the city sits above their $339/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Gulf Shores?
How much does it cost to lease commercial space in Gulf Shores?
How does Gulf Shores compare to nearby markets on price?
Where does Realmo's Gulf Shores market data come from?
Methodology & data sources
- Asking prices and medians
- There are 57 active for-sale and 20 active for-lease listings in Gulf Shores, AL. The medians are based on 32 of the for-sale and 4 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.
- 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
