Commercial Real Estate Market in Hazel Green, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
60 active listings and 301 off-market properties in Hazel Green, AL. Commercial property asks $82/SF to buy and $16.10/SF/Yr to lease.
Market Trends
Hazel Green, AL spans 61.1 square miles in Madison County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hazel Green, AL asks $171/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Hazel Green, AL asks $146/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hazel Green, 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 Hazel Green, AL asks $137/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
Hazel Green, AL has 14,192 residents in 5,698 households. Density runs 232 people per square mile. Median household income here is $78,622 and median gross rent $1,079 a month.
14,192
Population
5,698
Households
2.5
Avg Household Size
40
Median Age
29%
College-Educated
87%
High-School Grad
61.1 sq mi
ZIP Area
232
Density / Sq Mi
$78,622
Median Household Income
$44,575
Median Earnings
$1,079
Median Rent
$186,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Toney | — | $12.06 |
| Meridianville | — | — |
| Taft | — | — |
| New Market | — | — |
Commercial property in Hazel Green, AL asks $82/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hazel Green?
Commercial property in Hazel Green, AL asks an average of $82 per square foot. The 5 most recent recorded sales traded at a median of $156/SF. Office carries the highest asking price at $171/SF.
How much does it cost to lease commercial space in Hazel Green?
Asking lease rates in Hazel Green, AL average $16.10 per square foot per year.
Where does Realmo's Hazel Green market data come from?
Realmo compiles Hazel Green, AL figures from 5 recent recorded sales, 57 active sale listings, 3 active lease listings, 301 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 57 active for-sale and 3 active for-lease listings in Hazel Green, 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
