Commercial Real Estate Market in Lillian, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
97 active listings and 103 off-market properties in Lillian, AL.
Market Trends
Lillian, AL spans 29.0 square miles in Baldwin County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lillian, 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 Lillian, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lillian, 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 Lillian, 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
Lillian, AL has 5,465 residents in 3,042 households. Density runs 188 people per square mile. Median household income here is $65,759 and median gross rent $845 a month.
5,465
Population
3,042
Households
1.8
Avg Household Size
61
Median Age
26%
College-Educated
94%
High-School Grad
29 sq mi
ZIP Area
188
Density / Sq Mi
$65,759
Median Household Income
$31,250
Median Earnings
$845
Median Rent
$198,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Seminole | — | — |
| Perdido Beach | — | — |
| Miflin | — | — |
| Bellview | — | — |
Commercial property in Lillian, AL asks $60/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lillian?
Commercial property in Lillian, AL asks an average of $60 per square foot. The 5 most recent recorded sales traded at a median of $68/SF. Multifamily carries the highest asking price at $282/SF.
Where does Realmo's Lillian market data come from?
Realmo compiles Lillian, AL figures from 5 recent recorded sales, 97 active sale listings, 103 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 97 active for-sale and 0 active for-lease listings in Lillian, 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
